Subscribe to RSS feedBox losses drag Maersk group deeper into red . . .
CONTAINER shipping is dragging AP Moller-Maersk deeper into the red, with the group still expecting to post a full-year loss of US$1bn as Maersk Line’s woes continue. Neither was there any relief in sight, with 2010 expected to be another difficult year for the world’s largest ocean carrier.
The Danish shipping and energy group lost US$592m from its container transport activities in the third quarter, swelling the nine-month shortfall to US$1.5bn from its box division.
That compares with a US$367m profit from container shipping in the corresponding...
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