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Poor Freight Rates Instrumental in Q3 Profit Decline of Nearly 50% for Maersk
Nov 9, 2015 ... S. Andersen, CEO of Maersk Group, said that historic low freight rates and low oil prices were primarily to blame for a dramatic decline of nearly 50 percent in profits for the third quarter ...
Hapag-Lloyd Completes Public Offering With Lowered Price
Nov 5, 2015 ... band which itself was already reduced.  The listing however, was derailed late last month after Maersk Line announced a profit guidance downgrade due to a weakened container shipping sector, ...
Low Bunker Prices the Only Thing Preventing Huge Losses for the Teetering Box Shipping Sector: Drewry
Nov 3, 2015 ... bunker prices are the only thing preventing huge losses across the box shipping sector, and Maersk Line's recent decision to lay up one of its larger Triple-E containerships, along with its ...
Drewry: Box Markets are in an Over-Capacity Crisis, Next Year Will be Worse
Nov 2, 2015 ... a reading of 91 in 2015, its lowest level since 2009. Last week Ship & Bunker reported that Maersk Line was forced to idle one of its 18,000-TEU Triple-E containerships, and has cooled on an ...
Hapag-Lloyd Lowers IPO Price Again
Nov 2, 2015 ... is lowering the price of its IPO once again after investors became wary following Maersk Line's pronouncement about the dismal container shipping sector, Bloomberg reports.  The ...
Maersk Line Lays Up Triple-E, Cools Over Option for Eight 14,000 TEU Newbuilds
Oct 30, 2015 ... Line has idled one of its 18,000-TEU Triple-E containerships, a move which underscores the dire conditions of the container shipping industry, Seatrade Maritime reports.  According to ...
Box Rates Slide to Historic Low, May Fall Further
Oct 29, 2015 ... of weak rates can be seen in the third quarter operational results of major carriers including Maersk Line, Orient Overseas Container Line (OOCL), and Hapag-Lloyd, all of which posted ...
Hapag-Lloyd Pushes Back IPO Date After Maersk Line Lowers Guidance
Oct 28, 2015 ... is pushing its IPO back one week due to lost investor confidence following Maersk Line's announcement that it would be lowering its profit guidance for 2015, Reuters ...
Maersk Line Considering More Emphasis on Spot Rates
Oct 26, 2015 ... Line is currently considering turning to spot freight rates as a way to help combat the financially devastating effect that plunging contract rates have had on the container shipping market, ...
Maersk Line Lowers Profit Guidance As Low Rates Drag Down Results
Oct 26, 2015 ... Line has lowered its guidance for 2015 as plummeting freight rates are expected to impact the company's underlying results by an estimated half a billion dollars, the company said in a ...