Who owns Maersk Line?

Maersk Line, the largest contributor to group revenue and earnings, has been the largest container shipping company globally for more than 20 years. Maersk was founded in 1904 and has since been run by the Moller-Maersk family, which currently holds slightly more than 50% of the share capital.

Why did Maersk raise its full-year guidance?

Maersk raised the lower end of its full-year guidance despite expecting the overcapacity challenges that have plagued the industry to continue, potentially for the rest of the year. Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk , the presidency said in a statement on Sunday.

What challenges does Maersk face?

Maersk faces a range of challenges including Red Sea diversions, a drought at the Panama Canal and a potential strike maritime workers. Shares of the Danish shipping and logistics giant A.P. Moeller Maersk tumbled on Tuesday as the company said it chartered the ship that crashed into the Francis Scott Key Bridge in Baltimore.