Maersk Suspends Share Buyback as It Navigates Uncertain Market
Provided by
Dow Jones
By Dominic Chopping
A.P. Moeller-Maersk suspended its share buyback program as the Danish shipping giant moves to preserve cash, with uncertainty surrounding disruption in the Red Sea and as industry overcapacity continues to drag on freight rates.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
February 08, 2024 02:47 ET (07:47 GMT)
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