Shipping giant A.P. Moller-Maersk A/S will redirect its vessels to sail south of Africa to avoid the Red Sea conflict area where Houthi militants have attacked several ships.

A.P. Moller-Maersk A/S, a bellwether for global trade, signaled weaker results for the rest of 2023 after reporting first-quarter operating profit that tumbled by more than half.

A.P. Moller-Maersk A/S has finally found a buyer for its last major energy-division asset after putting it up for sale seven years ago, allowing it to complete a historic transformation into a pure transport operator.

A.P. Moller-Maersk A/S said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.

A.P. Moller-Maersk A/S CEO Soren Skou will step down and will be replaced by Vincent Clerc, the current head of the transport giant’s ocean and logistics business.

A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, ordered six large containerships that can sail on green methanol as part of the transport giant’s plan to become carbon neutral.

A.P. Moller Maersk A/S lost more than $700 million in the first quarter from the war in Ukraine as it counts the cost of exiting Russia, according to the shipping giant.

Disruptions in global trade flows are set to persist into the second part of the year, longer than previously expected, Danish transport giant A.P. Moller-Maersk A/S predicted.

A.P. Moller-Maersk A/S’s chairman, Jim Hagemann Snabe, is leaving his position to pave the way for a Maersk family member to take over the job of overseeing the Danish shipping giant.

A.P. Moller-Maersk A/S, one of the world’s largest oil consumers, is ramping up plans to eliminate carbon emissions after finding green alternatives to fuel its fleet of ships.