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MSC and AP Moller-Maersk, the parent company of Maersk Line, said 185 vessels would be shared, including 20 of Maersk’s giant Triple-E ships. Photograph: Reuters

The world’s top two container shippers, Maersk Line and MSC Mediterranean Shipping, have struck a fresh vessel-sharing agreement after a previous thre(...)

AP Moller-Maersk, Mediterranean Shipping Company and CMA CGM had hoped to form the so-called P3 Network to reduce costs on Asia-Europe, trans-Pacific and transatlantic routes by pooling 250 ships. Photograph: Getty Images/iStockphoto

China has scuppered a deal to create a shipping alliance on the world’s three biggest trade routes in a sign of the more muscular approach being taken(...)

Netflix jumped 3 per cent to $443.15 on the New York Stock Exchange yesterday as Morgan Stanley recommended buying shares in the video-streaming service. Netflix has climbed 20 percent this year after soaring 298 per cent in 2013. From left: Uzo Aduba, Laverne Cox, Taylor Schilling, Piper Kerman, Natasha Lyonne and Jenji Kohan of the Netflix series Orange Is the New Black, in New York.  Photograph: Therese + Joel/The New York Times

European stocks rose yesterday as investors awaited a decision from the US Federal Reserve about scaling back economic stimulus.The Iseq bucked the t(...)

Aer Lingus: climbed 1.89 per cent to €1.35. Photograph: Matt Kavanagh

The success of Ireland’s first post-bailout bond sale and solid jobs news from Germany boosted stocks across the region yesterday.This country’s heavi(...)

Maersk Line will report a profit this year significantly above that of 2012, compared with a previous forecast of earnings above last year’s level, the company said.

AP Moeller-Maersk has raised the earnings forecast for its container line, which almost doubled profit as lower fuel prices and costs offset falling f(...)

Maersk Line chief executive Søren Skousaid  the more downbeat outlook was not just due to a prediction of sustained weaker economic growth globally. Photograph: Maersk Group

The struggling container shipping industry must prepare for a new era that will see growth in demand fall to half the levels seen over the past two de(...)

AP Moller-Maersk, whose Maersk Line vessels make up around 15 per cent of world container shipping capacity, however, said its container shipping unit swung back to a $204 million profit in the quarter from a $599 million loss a year earlier. Photograph: Chris Ratcliffe/Bloomberg News

AP Moller-Maersk, owner of the world’s biggest container shipping company, is “100 per cent certain” it can more than double freight rates in J(...)

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