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Maersk profit miss puts CEO's shipping route under scrutiny

Published Fri, Feb 9, 2018 · 09:50 PM
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Copenhagen

AP MOLLER-Maersk's decision to focus on transport and jettison oil was put under pressure on Friday as the world's largest container shipping firm missed profit forecasts.

Although Maersk's chief executive Soren Skou said he remained positive about the outlook for global trade, the company's shares were down 2.9 per cent to 10,060 Danish crowns (S$2,202) by 0925 GMT after the fourth-quarter profit miss.

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