Maersk Line Expected to Post Weaker Results

10.10.2008 (17:15)

Stock market analysts expect Danish container shipping company Maersk Line to post a considerably weaker earnings in 2009 than earlier estimated as a result of the global finance crisis.

Carnegie for example has reduced its estimates for Maersk Line because the freight rates on the company's main route between Europe and Asia have collapsed. Henrik Lund of Carnegie expects Maersk Line to lose almost DKr 900mn (US$ 162.87mn EUR 120.6mn) in 2009. He expects the company to post a profit of around DKr 3bn in 2010, Logistics Finland reports.

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Maersk Drayage Company Relocates to Dallas Hub

01.12.2008 (10:55)

AP MOLLER-Maersk's subsidiary drayage company, Bridge Terminal Transport, one of the largest globally with a total of 44 terminals and 30 container yards, is to relocate one of its yard at Love Field Airport to the Dallas Logistics Hub.

Maersk Unloads Its Underperforming UK Trucker

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Maersk is selling its poorly performing UK intermodal trucker, Roadways Container Logistics, that it inherited with its purchase of P&O Nedlloyd in 2005.

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24.11.2008 (12:48)

AP Møller Mærsk of Denmark has extended the acceptance period for its bid to acquire the Swedish shipping company Broström.

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