# Maersk sets course for cost-cutting programme after unveiling first-quarter losses - The Loadstar

> Maersk Group reported a first-quarter net loss of $239m and said Maersk Line will cut capacity on unprofitable trades over the next two quarters. The carrier will also reduce feedering and has no plans to order new ships for at least 12 months.

- Date: 2018-05-17 · published 2018-05-17T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/64933-maersk-sets-course-for-cost-cutting-programme-after-unveiling-first-quarter
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Capacity cuts by the largest container carrier tighten available shipping space, which tends to support freight rates for exporters and importers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- theloadstar.com: https://theloadstar.com/maersk-sets-course-cost-cutting-programme-unveiling-first-quarter-losses/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.