Maersk cost cuts ease pain of gloomy shipping forecast

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Maersk cost cuts ease pain of gloomy shipping forecast
17 August 2016, Sweetcrude, Lagos – AP Moller-Maersk’s progress in cutting costs reassured investors after the Danish shipping and oil giant reported a sharp decline in quarterly profit and its new chief executive confirmed that earnings would fall this year. The Copenhagen-based company fired its Chief Executive Officer in June and replaced him with Soren Skou, […] More »
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