Shipping giant Maersk shares slide 15% after suspending share buybacks amid Red Sea disruption

Capt. John

Shares of Danish shipping giant Maersk slumped more than 17% in morning trade Thursday after it flagged “high uncertainty” in its 2024 earnings outlook amid Red Sea disruptions and an oversupply of shipping vessels. The company also said that it would be suspending share buybacks on the back of the...

https://www.hellenicshippingnews.com/shipping-giant-maersk-shares-slide-15-after-suspending-share-buybacks-amid-red-sea-disruption/

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