Maersk cost cuts ease pain of gloomy shipping forecast

17 August 2016, Sweetcrude, Lagos – AP Moller-Maersk’s progress in cutting costs reassured investors after the Danish shipping and oil giant reported a sharp decline in quarterly profit and its new chief executive confirmed that earnings would fall this year. The Copenhagen-based company fired its Chief Executive Officer in June and replaced him with Soren Skou, […] More »