The Business Times
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Maersk upbeat on container shipping outlook

Shares up by as much as 4.5 per cent; Danish line faces cyber attack bill of US$200-US$300 million

Published Thu, Aug 17, 2017 · 09:50 PM

    Copenhagen

    DENMARK'S AP Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares by as much as 4.5 per cent as investors looked beyond one-off second-quarter charges and a costly cyber attack on its operations.

    Maersk has been hit by low oil prices at its energy arm and sliding prices in its shipping business in recent years due to lacklustre global trade and a glut of available ships for hire.

    Maersk

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