Maersk suspends share buyback, warns of earnings drop due to Red Sea uncertainties and delays reintroduction.

Shipping company Maersk has experienced a drop in its shares after suspending its share buyback program and warning about a sharp decline in earnings due to a range of uncertainties, including the situation in the Red Sea. The Danish company, which has the largest volume of container shipping worldwide, has also announced a delay in the reintroduction of the buyback program until market conditions in its primary shipping unit have stabilized.

February 07, 2024
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