The resignation of Fred Green and the decision by Chairman John Cleghorn and four other directors not to seek another term paves the way for the seven-director slate proposed by Ackman...
Maersk Line slumped to a $599 million operating loss in the first quarter from a $424 million profit a year earlier as collapsing freight rates on the key Asia-Europe route outweighed double-digit growth in...
German ocean carrier Hapag-Lloyd’s first quarter net loss widened to 132.4 million euros ($172 million) from 22.1 million euros ($28.7 million) a year ago as lower freight rates and higher fuel costs outweighed...