Profits plunge at Maersk and NOL

Janet Porter - Tuesday 12 May 2009

HUGE losses were reported by two of the world’s top container lines today following the catastrophic collapse of freight rates in the early weeks of the year.

Danish shipping and energy group AP Moller-Maersk posted its worst ever quarter, with a net loss of $373m, compared with a profit of just over $1bn in the corresponding three months ...

The rest of this article is only available to Lloyd’s List Library subscribers

Already a subscriber? Log in below


Forgotten your password?