The Business Times
business-time-50

Maersk profit miss puts CEO's shipping route under scrutiny

Published Fri, Feb 9, 2018 · 09:50 PM

    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.

    Maersk

    TRENDING NOW

    The court has struck down a clause giving the trust’s protectors the final say on resolving conflicts, which could have wider ramifications for the trust industry.

    High Court rules against Julius Baer’s Singapore trust arm in US$50 million family trust dispute

    The Indonesia Stock Exchange on Oct 16. MSCI's proposal comes as the country faces sustained foreign-investor selling and concerns over its stock market’s transparency.

    MSCI proposes standalone status for Indonesia; Jakarta stocks plunge 8%

    Malaysian Chinese bag-maker Liew Bin now sees value in protectionist measures as low-cost competition from China threatens Malaysian small and medium-sized enterprises.

    Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing

    Malayan Flour Mills executive deputy chairman and managing director Teh Wee Chye constantly pursues diversification, recognising that even defensive food businesses remain vulnerable to global events.

    No chicken feed: How Malayan Flour Mills built an empire from flour to fowl

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More