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Maersk Line

May 13, 2016

Maersk Line posts huge fall in profit; Three’s takeover of O2 blocked by EU; and Comcast pays founder's widow $490 million to settle

Maersk Line posts huge fall in profit

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, reported a 94.9% drop in profits to $37 million its first quarter, compared to the same period in 2015.

According to the Danish shipping giant, revenue for the first quarter was $4.97 billion, which equates to 20.5% fall over last year.

February 26, 2016

Tata Steel announces leadership changes in Europe and Maersk sees rise in Asia trade volume

Tata Steel announces leadership changes in Europe

Karl Koehler, chief executive officer and managing director of Tata Steel Europe, has decided to step down as a director in order to take up a senior position in a large privately-owned industrial company in Germany. 

Koushik Chatterjee, group executive director and member of the boards of Tata Steel and Tata Steel Europe, will take on the role of executive director for Europe in addition to his current responsibilities.

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