Maersk Posts

Danish shipping giant struck by stock corrections in western economies that triggered freight need to stabilize, pressing rates and volumes lower

A.P. Moeller-Maersk on Thursday published a sharp drop in first-quarter net revenue as stock corrections in western economies triggered delivering need to stabilize, pressing freight rates and volumes lower.

The Danish shipping giant reported a quarterly net earnings of $2.28 billion, below $6.78 billion, as income fell 26% to $14.21 billion. A company-compiled agreement had actually seen net revenue at $1.79 billion on income of $14.83 billion.

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