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You are here: Home → Archive → 2009 → August → Weekly Edition 27th of August 2009 → Maersk slips into the red for first time with huge losses

Maersk slips into the red for first time with huge losses

by Tom Leander, London — last modified Aug 27, 2009 04:59 PM

SHOWING the full effect of the global shipping crisis on its bottom line for the first time, AP Moller-Maersk lost US$540m in the first half of 2009, down 122% from the same period a year ago.

This was the first time that the Danish energy and shipping group has ever reported in the red. The loss came amid signs that its ailing container division had seen a slight rise in shipping volumes and freight rates. But...

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