Maersk profit falls on low shipping prices

by www.punchng.com

Danish conglomerate A.P. Moller-Maersk said Wednesday that its third quarter profit tumbled 44 percent to $429 million (387 million euros) as low fees pushed its world-leading shipping service into loss. However the company, which is in the midst of splitting off its oil and oil-related businesses, said profit rebounded in these units. Overall, the group’s […]

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