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Maersk Eyes Service Cuts as Profits Sink on Capacity and Cost Issues

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A.P. Moller – Maersk, the world’s biggest ocean freight carrier, saw its underlying loss in the first quarter widen to $239 million from $139 million a year earlier, as overcapacity and higher fuel cost combined with trade tensions, and indicted it was set to cut some services. In releasing first quarter results, the company said…

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