The Danish shipping company plans to shed 4 000 jobs as part of a programme to simplify the organisation. |||
Copenhagen - AP Moeller-Maersk A/S is scaling back capacity and cutting jobs in the world’s largest shipping line to adapt to a drop in demand. The Danish company, which last month lowered its profit forecast for 2015, citing a gloomier outlook for the global shipping market, will shed 4 000 jobs in its Maersk Line unit as part of a programme to “simplify the organisation”, it said in an emailed statement on Wednesday.
Maersk Line, the world’s largest container shipping company, announced Wednesday the signing of a newbuild contract with South Korea’s Hyundai Heavy Industries for nine containerships with a capacity of 14,000 TEU each. The contra...
Maersk Line, the container shipping unit in the A.P. Moller-Maersk group in Copenhagen, says it will cut about 16% of its capacity on the West Central Asia-Europe trade lane.
COPENHAGEN (Dow Jones)–The world’s largest container shipping company Maersk Line is stepping up the price competition on Asia-Europe routes in an attempt to squeeze out smaller peers, writes Danish daily [...]
COPENHAGEN (Dow Jones)–Danish Maersk Line, the world’s largest container shipping company, has yet to decide whether to exercise an option to increase its Triple-E vessel orders to 30 from 20, [...]