COPENHAGEN (Reuters) -Maersk will begin to slow the pace of its container ships to lower fuel costs after sailing at full speed to keep up with demand during the pandemic, its chief executive said on Thursday. Copenhagen-based Maersk, a barometer for global trade, expects ocean freight volumes to be flat or lower this year, its CEO Soren Skou said in a Reuters Newsmaker interview, pointing to U.S. consumers buying less and confidence dented by Russia's invasion of Ukraine. As one of the world's biggest shipping companies, Maersk benefited from soaring freight rates following a surge in consumer demand during the pandemic which led to jams at ports.
In connection with the announced share buy-back program in A.P. Møller - Mærsk A/S, A.P. Møller Holding A/S continuously sells shares pro rata and the market is to be informed accordingly – see the attached file. Attachment APMM Share buy-back APMH sale_23092022
Announcement A.P. Møller - Mærsk A/S – Transactions in connection with share buy-back program On 5 May 2021, A.P. Møller - Mærsk A/S (the “Company”) announced a share buy-back program of up to DKK 32bn (around USD 5bn) to be executed over a period of two years. As announced on 4 May 2022, during the second phase of the program running from 5 May 2022 up to 1 November 2022, the Company will buy back A and B shares for an amount of up to DKK 8bn. On 12 August 2022 the Company announced an increase