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Month: February 2013

Maersk Reports $975 Million 4Q Profit

A.P. Moller-Maersk said Friday it had fourth-quarter earnings of $975 million on improved rates in its container subsidiary, the Associated Press reported. Revenue in the fourth-quarter for the owner of the world’s largest...

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Damaged OOCL Brussels in troubled waters

A massive containership that was meant to be the pride of Orient Overseas Container Line is languishing in a South Korean shipyard facing expensive repairs. The OOCL Brussels is one of 10 ships, and the first in OOCL logos,...

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