Maersk battles headwinds with cost cuts

ReutersNewsPublished: August 12, 2016Updated: August 15, 20169 views
Published: August 12, 2016Updated: August 15, 2016

Danish shipping and oil giant A.P. Moller-Maersk blamed weak freight rates and low oil prices for a 90 fall in second quarter net profits. But as Hayley Platt reports investors were reassured by the group's cost cutting progress, lifting shares 5 percent.

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