Moller-Maersk

Danish shipping and oil conglomerate Moller-Maersk sinks into red

Danish shipping and energy group AP Moller-Maersk posted a full-year 2016 net loss of 1.89 billion dollars, citing writedowns in its oil business and lower freight rates.

Danish shipping and oil conglomerate Moller-Maersk to reorganize

Danish shipping and energy giant AP Moller-Maersk announced Thursday that it plans to split its business into two separate companies, amid falling oil prices and freight rates.