A.P. Moller-Maersk, parent of the world’s second-largest shipping line, said that as of late May it has bought back almost $600 million worth of stock.
The parent of Maersk, the second-largest ocean container carrier, revised its full-year box outlook, saying tariffs could cut global volumes by 1% from a year ago.
The parent of container liner operator Maersk turned in quarterly revenue and profits higher than a year ago as attacks on Mideast shipping led to higher operating costs – and higher rates for shippers.
The parent of Maersk container line said strong demand for shipping services and higher ocean freight rates fueled growth across all businesses as it raised estimates for full-year results.
Strong third-quarter volumes have the world’s second-largest ocean container line upgrading its forecast for higher full-year returns.
Danish shipping giant A.P. Moller -Maersk has reached an agreement to acquire Sweden-based customs brokerage to offer increased import clearance services to European shippers.
