Previous close | 1,493.90 |
Open | 1,510.00 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 1,328.12 - 1,510.00 |
52-week range | 1,246.00 - 2,087.18 |
Volume | |
Avg. volume | 95 |
Market cap | 21.045B |
Beta (5Y monthly) | 1.18 |
PE ratio (TTM) | 5.85 |
EPS (TTM) | 226.96 |
Earnings date | 02 May 2024 |
Forward dividend & yield | 75.09 (5.23%) |
Ex-dividend date | 15 Mar 2024 |
1y target est | N/A |
European shipping firms Maersk and Hapag-Lloyd are unlikely to get a big boost from soaring freight rates due to the Red Sea crisis in the first quarter, reinforcing worries about overcapacity in the long run. Spot freight rates tripled to almost $3,500 a container after vessels began avoiding the Red Sea due to attacks by Houthi militants, the Freightos Baltic Index showed. That compares to the pandemic peak of $13,559, at a time when shippers ordered new vessels in a move that later caused overcapacity, according to Stifel analyst Marc Zeck.
Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk, the presidency said in a statement on Sunday. The investment was secured during a meeting between President Bola Tinubu and Moller-Maersk Chairman Robert Maersk Uggla on the sidelines of a World Economic Forum meeting in Saudi Arabia.
Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk, the presidency said in a statement on Sunday. The investment was secured during a meeting between President Bola Tinubu and Moller-Maersk Chairman Robert Maersk Uggla on the sidelines of a World Economic Forum meeting in Saudi Arabia. "We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships," the Nigerian presidency quoted Uggla as saying during the meeting.