Profit At World’s Largest Shipping Company Plunges On Collapsing Global Trade, Sinking Crude Prices

by Tyler Durden
ZeroHedge.com
02/10/2016

Back in November, Nils Smedegaard Andersen, CEO of Maersk, the world’s largest shipping company, gave the world a reality check when it comes to global growth and trade. “The world’s economy is growing at a slower pace than the International Monetary Fund and other large forecasters are predicting” Andersen told Bloomberg. On Wednesday, we got a look at how the challenging environment affected Maersk’s bottom line in 2015. The picture wasn’t pretty.

The Rest…HERE

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