Maersk Launches $2B Share Buyback Program

Feb 5 (Reuters) – Maersk said on Wednesday it has initiated a share buyback program of up to 14.4 billion Danish crowns ($2.01 billion), which will be executed over a period of 12 months.

The Danish shipping company had suspended its buyback program in February last year due to market uncertainties caused by disruptions in the Red Sea.

Attacks on vessels in the Red Sea by Iran-aligned Houthi mili…