Maersk CEO Sees Passing Higher Oil Shock Costs to Customers

Maersk says Iran war oil shock adds $500M in monthly costs

Danish shipping giant says higher fuel, insurance expenses will likely be passed on to customers

Maersk CEO Sees Passing Higher Oil Shock Costs to Customers

The chief executive officer of A.P. Moller-Maersk A/S said the oil shock caused by the Iran war will significantly raise costs this quarter and next, which the worl…

Maersk warns of the most comprehensive energy shock in our lifetime as costs surge

Shipping giant Maersk has warned it is absorbing a monthly hit of around $500 million (£367 million) from disruption linked to the Iran conflict, as rising freight rates and energy… The post Maersk warns of the most comprehensive energy shock in our lifetime as costs surge appeared first on London Business News