A.P. Moeller-Maersk A/S fell in Copenhagen trading after Jefferies Group LLC said the world’s largest shipping line may report losses at the end of the year as proposed container freight rate increases fail.
Hundreds of port workers at Li Ka- shing’s Hong Kong terminals surrounded his Cheung Kong Center headquarters in the city’s business district after rejecting a pay raise aimed at ending a three-week strike.
The price of iron ore delivered to China, the largest importer, gained 3.9 percent, the most since October, amid speculation the country’s steel mills are re- stocking after stockpiles of the alloy fell to a three-year low.
Plunging rates for chartering container vessels that carry sneakers, furniture and flat-screen TVs may signal a U.S. consumer slowdown and losses for shipping lines in what is traditionally their busiest time of the year.