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Maersk To Slash 3,500 Jobs As Profits, Revenue Plunge

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Danish shipping giant Maersk said Friday it would slash 3,500 jobs as net profit and revenue plunged in the third quarter due to a sharp fall in freight rates.

Maersk’s net profit nosedived to $521 million between July and September against $8.9 billion a year earlier.

Our industry is facing a new normal with subdued demand, prices back in line with historical levels and inflationary pressure on our cost base,” CEO Vincent Clerc said.

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The company had already begun to cut costs, reducing staff levels from 110,000 at the start of 2023 “to around 103,500 today.”

Maersk is intensifying those measures and today introduce plans to further decrease the workforce by 3,500 positions, with up to 2,500 to be carried out in the coming months and the remaining to extend into 2024,” the company said.

This will reduce the global workforce to below 100,000 positions,” it added.

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READ ALSO: Controversy Emerges Over Cargo Scanners

Revenue for the period fell to $12.1 billion, compared to $22.8 billion a year earlier, especially in its shipping business.

“Ocean results have reached break-even levels due to continuing challenging market conditions resulting in substantially lower freight rates compared to the abnormally high rates in 2022,” the company said in its quarterly earnings report.

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JUST IN: Tinubu Directs INEC Chairman Yakubu To Immediately Proceed On Leave

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President Bola Ahmed Tinubu has reportedly directed the Chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, to proceed on leave ahead of the expiration of his tenure.

Insider sources say the move comes in response to what they described as Mahmood’s “last-minute betrayal” of the All Progressives Congress government that appointed him.

Imo State Governor Hope Uzodimma reportedly met with President Tinubu shortly after the president returned from a 12-day working vacation, alleging that Mahmood’s efforts to register new political parties at the end of his tenure had disrupted Tinubu’s preparations for a second term.

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The governor also claimed that Mahmood was covertly backing a candidate in the Imo State governorship election.

Following this briefing, Tinubu reportedly requested that Mahmood suspend all official duties and proceed on terminal leave.

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The decision has thrown the commission’s schedule into disarray, leading to the abrupt cancellation of Mahmood’s final quarterly consultative meeting with political parties, as well as a planned session with civil society organisations.

Tinubu is now expected to submit the name of a new INEC Chairman to the National Assembly in the coming days.

Mahmood was appointed to office by then-President Muhammadu Buhari on October 21, 2015, succeeding acting chairperson, Amina Zakari.

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400 Golfers Storm Abuja For Nigeria @ 65 Tourney

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More than 400 golfers are set to compete in the Nigeria @ 65 Independence Golf Tournament at the Tukur Yusuf Buratai International Golf Resort and Country Club, Abuja.

The week-long tournament, organised to mark Nigeria’s 65th independence anniversary, will also honour retired and serving officers of the Nigerian Army.

The Chairman, Local Organising Committee, Dr James Agbonhese, told the News Agency of Nigeria on Thursday that the tournament aims to promote unity, camaraderie and national pride.

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“This is more than a sporting competition. It is a reflection of our national values; unity, perseverance, discipline and excellence,” Agbonhese said.

READ ALSO:Customs Reschedule Superintendent Pre-test After Portal Problems

He said the event would also feature the commissioning of new facilities at the resort, including a midway hut, a modern golf practice range, a back nine starter shed and a golf cart bay.

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Agbonhese commended the Chief of Army Staff, Lt.-Gen. Olufemi Oluyede, Grand Patron of the tournament, for his unwavering support.

The Vice Chairman of TYB Golf Club, Dr Ali Peters, who represented the Club Captain, Maj.-Gen. Samson Jiya, said the event was a symbolic tribute to the military’s role in safeguarding national unity.

As we celebrate, we must reflect on the legacy of our founding fathers and the sacrifices that brought us this far,” Peters said.

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He added that the new facilities would greatly improve the golfing experience for members and visitors.

Jummai Adamu, a member of the LOC, said more than 100 female golfers, including three professionals, would participate in this year’s tournament, reflecting golf’s growing popularity among women in Nigeria.

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Tournament Manager, Mr Shola Adebayo, said the event would feature daily games, networking sessions and cultural showcases.

It’s set to deliver not just top-level golf but an unforgettable experience for everyone involved,” he said.

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The tournament tees off on Sept. 27 and will conclude on Oct. 1 with a ceremonial tee-off.

Expected dignitaries include the DSS Director-General, Mr Oluwatosin Ajayi; Chief of Defence Staff, Gen. Christopher Musa; Chief of Army Staff, Lt.-Gen. Olufemi Oluyede, and Chief of Defence Intelligence, Maj.-Gen. Emmanuel Undiandeye.

Others expected are diplomats, retired senior officers and other distinguished guests.

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An award ceremony will be held later in the day to crown the tournament champion and honour winners across various categories.

NAN

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Fire On Board Forces Lagos-Atlanta-bound Aircraft Diversion To Ghana

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A Delta Airlines flight en route from Lagos, Nigeria, to Atlanta, United States, was forced to make an emergency diversion to Accra, Ghana, following a fire incident in the aircraft’s oven.

According to the spokesperson for the Nigeria Civil Aviation Authority, Michael Achimugu, on Thursday, the incident occurred on Tuesday, 23 September, affecting Flight DL055, which had departed from Murtala Muhammed International Airport in Lagos.

He said airline officials confirmed that while the fire was swiftly contained and posed no threat to passengers, the delay caused the crew to exceed their expected duty time, making them unable to continue the journey as scheduled.

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Following the unscheduled landing in Accra, the airline initiated rebooking arrangements for stranded passengers. Some were accommodated on a Delta Accra-New York service the same evening, with further passengers rebooked on the following night’s flight.

READ ALSO:Travel Chaos: Air Canada Shut Down By Flight Attendant Strike

He said, “However, some passengers were rebooked on the airline’s Accra-New York flight the same evening, and this effort was repeated on Wednesday night for additional passengers.

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“Flight DL055 LOS – ATL finally departed from Accra today, 25 September 2025, at approximately 1200 hrs.”

In a related development, Delta Airlines also cancelled its inbound flight ATL-LOS (Atlanta to Lagos) for Thursday, 25 September.
Though passengers were said to have been informed in advance, “The airline provided hotel accommodations and ground transport for those who still reported to the airport.”

To mitigate the disruption, the airline rebooked 23 affected passengers on Air France, while others were scheduled to travel via British Airways, KLM, and Lufthansa.

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The remaining passengers will be airlifted on Delta’s regularly scheduled flight tomorrow, 26 September, at 11:40 a.m.

He added, “Regarding today’s 25 September 2025 ATL – LOS arrival cancellation, although passengers were duly informed about the cancellation, the airline accommodated those who arrived at the airport by providing transportation to hotels as reported in the flight disruption this morning.

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“Twenty-three passengers had been rebooked on Air France, while others would be airlifted on British Airways, KLM, and Lufthansa Airlines. The remaining passengers are scheduled to depart on the airline’s scheduled flight tomorrow, 26 September 2025, at 1140 hrs.”

READ ALSO:How Obi Surprised Me Early Morning with ‘Ghana-must-go’ Bag — Charly Boy

Contrary to earlier reports, the Air France flight from Lagos has not been cancelled and is expected to operate at 01:30 a.m.

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Air France flight has not been cancelled as speculated, but would operate at 0130 hrs. Kindly note that I am attending meetings in Montreal, but I have had to constantly leave the hall to make calls and get feedback.

“Follow-up continues. While wishing you safe travels, do not hesitate to reach out to me if there is a further need to,” Achimugu added.

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