The conglomerate was generally hard hit by low economic growth and what Maersk terms "significant imbalances in the markets," in their latest financial report. This was particularly noticable in the oil and container sectors, where prices and rates in the third quarter of 2015 were 51 percent and 19 percent lower respectively than in the third quarter of 2014.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.