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Home›News›Maersk Reports First Loss in Six Decades; Shares Fall
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March 4, 2010 · about 16 years ago

Maersk Reports First Loss in Six Decades; Shares Fall

A.P. Moeller-Maersk A/S, owner of the world’s largest container-shipping line, reported its first annual loss since at least six decades and said it will be limited to a “modest” profit in 2010 because of inadequate price increases. Maersk fell the most in almost four months in Copenhagen trading af

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A.P. Moeller-Maersk A/S, owner of the world’s largest container-shipping line, reported its first annual loss since at least six decades and said it will be limited to a “modest” profit in 2010 because of inadequate price increases. Maersk fell the most in almost four months in Copenhagen trading after posting a net loss of 7.03 billion kroner ($1.29 billion) compared with profit of 17 billion kroner in 2008.

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