A2Sea suffers multi-million dollar deficit in 2015

Offshore carrier A2Sea delivered a million dollar deficit in 2015, a big setback from 2014. The decline in the value of cable unit CT Offshore is one of the reasons behind the bad news, says management in the financial report. CT Offshore will now be liquidated.

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Trade war inches closer in US-China tariff clash

US President Donald Trump has signed a tariff on Chinese goods into force. According to the US president, China's trade surplus is "out of control." Restrictions on trade could trigger severe negative consequences for global trade, warns Maersk.

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