Australian executive started life at Clarksons in Melbourne but will now run rival’s Singapore office
Hitting top end of earnings forecast is ‘barely achievable’ without stronger-than-expected demand recovery
But CMB’s Delphis line is resisting laying up ships in anticipation of recovery
Boxship operations also hit by coronavirus shutdowns as first quarter loss grew
Seadrill asks SFL Corp to reduce payments on deals worth $900m as rates crash
Liner giant predicts 20% to 25% drop will hit results but be offset by holding freight rates up through capacity cuts and much lower bunker costs
Giant HMM Algeciras sets new record by taking on 19,621 boxes in Asia
Governments play increasingly important role in keeping liner operators in business
Where is the value in a public listing if investors do not see beyond the ships?
By Jacob Gronholt-Pedersen and Nikolaj Skydsgaard COPENHAGEN, May 13 (Reuters) – Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand. The crisis has thrown the...