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AMKBY / Maersk expects 2023 profits to plummet as volumes, freight rates fall
AMKBY News
By CNBC
November 3, 2023
Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts, says profit will be at lower-end of guidance
Maersk, a bellwether for global trade, said it was facing subdued demand and inflationary pressures. more_horizontal
By Barrons
November 3, 2023
Maersk Cuts Jobs as Profit Collapses. It's Bad News for Global Trade.
The shipping Giant's third-quarter Ebitda of $1.9 billion represents a fraction of last year's $10.9 billion. more_horizontal
By Market Watch
November 3, 2023
Maersk to cut 10,000 jobs as shipping firm revenue slides
Global shipping giant A.P. Moeller-Maersk on Friday outlined plans to lay off at least 10,000 staff in a desperate bid to cut costs following a collap more_horizontal
By Proactive Investors
November 3, 2023
Maersk cuts thousands of jobs as shipping demand sinks
Maersk, the world's largest shipping group, dropped over 9% in early trading after confirming it was cutting 10,000 jobs and that operating profit wou more_horizontal
By Bloomberg Markets and Finance
November 3, 2023
Maersk to Cut 9% of Workforce as Freight Rates Decline
Maersk CEO Vincent Clerc says the company is “getting out cost base in order, we're getting fit for what could be leaner times.” The company plans more_horizontal
By CNBC
October 12, 2023
Shipping giant Maersk to add SpaceX's Starlink internet to over 330 ships by early next year
Danish logistics giant Maersk is adding SpaceX's Starlink to more than 330 container ships. more_horizontal
By Reuters
October 4, 2023
Egypt, Maersk's C2X sign agreement worth up to $3 bln for production of green fuel - statement
Egypt and Maersk's C2X signed a new framework agreement worth up to $3 billion for the production of green fuel and its derivatives in the Suez Canal more_horizontal
By Reuters
September 19, 2023
Shipping rivals CMA CGM, Maersk to collaborate on green fuels
Container shipping giants CMA CGM and Maersk said on Tuesday they will cooperate in efforts to reduce emissions in the sector, including by supporting more_horizontal