AMKBF - A.P. Møller - Mærsk A/S
| Previous close | 1,680.00 |
| Open | 1,684.41 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 1,680.00 - 1,680.00 |
| 52-week range | 1,621.00 - 3,125.00 |
| Volume | |
| Avg. volume | 131 |
| Market cap | 28.692B |
| Beta (5Y monthly) | 1.30 |
| PE ratio (TTM) | 1.23 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 292.77 (16.73%) |
| Ex-dividend date | 29 Mar 2023 |
| 1y target est | N/A |
- Reuters
Maersk expects recent drop in container demand to stabilize by mid-year
COPENHAGEN (Reuters) -Shipping group Maersk on Thursday reported first-quarter earnings above expectations and maintained its 2023 profit guidance as it expects a recent drop in demand for container shipments to stabilize around mid-year. Maersk, which transports goods for retailers and consumer companies such as Walmart, Nike and Unilever, said the number of containers it loaded onto ships between January and March fell by 9% from a year earlier, while freight rates fell by 37% on average. "We delivered a solid financial performance in a challenging market with lower demand caused by continued destocking," Chief Executive Vincent Clerc said in a statement.
- Reuters
Maersk nears complete Russia exit after selling logistics sites
COPENHAGEN (Reuters) -Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country. The group said the sale of its inland depot facility in Novorossiisk, with a capacity of 1,500 containers (TEU), and a chilled and frozen warehouse in St. Petersburg had obtained regulatory approvals in the European Union and Russia. "We are pleased to have found a new owner of our two logistics sites in Russia and thereby execute on our decision to divest all our assets in the country," Chief Commercial Officer Karsten Kildahl said in a statement.
- Reuters
A.P. Moller Capital plans $750 million infrastructure deals in South, Southeast Asia
A.P. Moller Capital, the asset management unit of Danish transportation and logistics giant A.P. Moller Group, said on Monday it aims to invest more than $750 million in the high-growth markets of South and Southeast Asia. The investment firm said in a statement it had set up an office in Singapore and plans to invest in various infrastructure platforms in those markets. "This is the next exciting step in the growth of A.P. Moller Capital and our investment business in Asia, where we see significant opportunity...," said Dhruv Narain, partner at A.P. Moller Capital and head of its Asia team.
- Motley Fool
Maersk Sues Evergreen Over That Suez Canal Incident
Two years later, the Suez Canal drama is still unfolding the way it did back then -- very, very slowly. Danish shipping giant Maersk filed a...
- The Telegraph
Global trade will contract this year, shipping giant Maersk predicts
One of the world’s biggest shipping companies has warned over a slowdown in global trade and said it expects profits to plummet this year.
- Reuters
Maersk warns lower container volumes to hit 2023 profits
COPENHAGEN (Reuters) -Shipping group A.P. Moller-Maersk warned on Wednesday lower container volumes and freight rates would drive a four-fold plunge in profits this year, even as it reported record earnings for 2022. The Copenhagen-based company, which transports goods for retailers and consumer companies such as Walmart, Nike and Unilever, raised its profit forecast twice last year as a surge in consumer demand and pandemic-related logjams at ports boosted freight rates. But freight rates have since tumbled as recession looms and pandemic-fuelled import bubbles deflate in the United States and other major consuming countries.
- Investing.com
5 big earnings reports: Maersk drops on downbeat guidance, Chipotle misses
By Davit Kirakosyan
- Reuters
Top container shippers Maersk, MSC to end alliance from 2025
Denmark's Maersk and Swiss-based MSC, the world's largest container shipping companies, said on Wednesday they had agreed to end a vessel sharing alliance in January 2025, allowing them to pursue individual strategies. More recently, MSC responded to rising shipping rates caused by pandemic-related delays and bottlenecks by increasing the size of its fleet, while Maersk has kept its fleet size mostly steady. "Today, we have a much different strategy, where we more look at how to integrate container shipping at sea with our land-based logistics business," Maersk's head of ocean shipping Johan Sigsgaard told Reuters in an interview.
- Reuters
Maersk appoints new CEO to steer shipping firm through 'turbulence' to come
COPENHAGEN (Reuters) -A.P. Moller-Maersk said on Monday it had appointed company veteran Vincent Clerc as its new chief executive to lead the shipping giant through a period of slowing container demand. Clerc, 50, will take over from Soren Skou on Jan. 1 at a time of rapid growth for Maersk as it seeks to develop its land-based logistics business while seeing freight rates in its core container shipping business plummet as a global recession looms. "The strong tail winds that benefited the supply chain industries during the pandemic are coming to an end," Maersk Chairman Robert Maersk Uggla told a press conference at the company's headquarters in Copenhagen.
- CoinDesk
IBM and Maersk Abandon Ship on TradeLens Logistics Blockchain
An enterprise blockchain project from bygone bear markets will wind down after five years.
- Reuters
Russia oil turmoil seen driving tanker market higher
Tough new sanctions on Russian oil shipments taking effect from December are likely to boost already high tanker rates as buyers race to replace cargoes and are forced to use longer routes, a leading ship manager said. In the latest action against Russia in response to its invasion of Ukraine that began in February, the European Union will ban Russian crude imports from Dec 5, and Russian oil products from Feb 5. Maersk Tankers Chief Executive Christian M. Ingerslev told Reuters he expected demand to be healthy as Russian oil continues to flow, but to different markets.
- Reuters
Maersk sees container demand slowing as recession looms
OSLO (Reuters) -Shipping group Maersk warned on Wednesday of slowing demand for transport and logistics as a global recession looms and cut its forecast for container demand this year, even as it beat third-quarter earnings expectations. "It is clear that freight rates have peaked and started to normalize during the quarter, driven by both decreasing demand and easing of supply chain congestion," Chief Executive Soeren Skou said in a statement. "With the war in Ukraine, an energy crisis in Europe, high inflation, and a looming global recession there are plenty of dark clouds on the horizon," Skou said.
- Reuters
Shippers focus on LNG, biofuels, methanol to meet emissions targets
SINGAPORE (Reuters) -Shipping and commodities firms will commission more ships partly powered by liquefied natural gas (LNG) next year while ramping up trials for biofuel bunkering as they seek to cut emissions from ship operations, senior executives said this week. The shipping industry is seeking to reduce its reliance on oil as it tries to meet carbon emission reduction targets set out by the U.N.'s International Maritime Organization. These include the shipping industry cutting carbon emissions by 40% from 2008 levels by 2030, and overall greenhouse gas (GHG) emissions by 50% by 2050.
- Reuters
Maersk to slow pace of ships to save fuel as demand loses steam
COPENHAGEN (Reuters) -Maersk will begin to slow the pace of its container ships to lower fuel costs after sailing at full speed to keep up with demand during the pandemic, its chief executive said on Thursday. Copenhagen-based Maersk, a barometer for global trade, expects ocean freight volumes to be flat or lower this year, its CEO Soren Skou said in a Reuters Newsmaker interview, pointing to U.S. consumers buying less and confidence dented by Russia's invasion of Ukraine. As one of the world's biggest shipping companies, Maersk benefited from soaring freight rates following a surge in consumer demand during the pandemic which led to jams at ports.
- Zacks
Shell (SHEL) to Extend Maersk Drillship Contract for 6 Months
Shell (SHEL) takes a contract extension option for the ultra-deepwater Maersk Voyager drillship for work offshore Mexico.
- Reuters
Maersk agrees to sell stake in Russian port operator
COPENHAGEN (Reuters) -A.P. Moller-Maersk said on Monday it has agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia's largest container operator Delo Group, which also owns a 30.75% stake in the firm. After the divestment, which needs regulatory approval, Maersk's port unit APM Terminals would "no longer be involved in any entities operating in Russia or own any assets in the country," Maersk said in a statement.
- Reuters
Shipping container suppliers abandon $987 million deal after U.S. probe
WASHINGTON (Reuters) -Global shipping container suppliers China International Marine Containers and Maersk Container Industry in a joint statement on Thursday said they have abandoned a merger plan, citing significant regulatory challenges. China International Marine Containers (CIMC) in September had agreed to buy the Danish shipping company AP Moeller - Maersk's refrigerated containers maker for $987.3 million. The U.S. Justice Department said the deal would have combined two of the world's four suppliers of refrigerated shipping containers and further concentrated the global cold supply chain.
- Yahoo Finance UK
Felixstowe strike: Walkout at UK's biggest port set to heighten supply chain woes
The Suffolk port accounts for around a third of Britain's incoming shipping freight.
- Reuters
Maersk sees weaker container demand as durable goods sales dry up
COPENHAGEN (Reuters) -Shipping group Maersk expects global container demand to fall this year as sales of durable goods come to a "standstill", leaving flat-screen TVs and furniture piling up in warehouses, the company said on Wednesday. A surge in consumer demand and pandemic-related logjams holding up containers in key ports had boosted freight rates and profits in the shipping industry in recent quarters, yet the cost of living crisis has reversed that trend. Maersk, one of the world's biggest container shippers with a market share of around 17%, said inflation and a worsening economic situation had dented consumer demand, which could lead to a normalization of the global shipping market towards the end of the year.
- The Telegraph
Global supply chain chaos to continue for months, warns shipping giant
Chaos in global supply chains will continue for several more months, one of the world’s biggest shipping companies has warned.
- Reuters
Maersk sees global supply chain woes for longer; lifts 2022 guidance
COPENHAGEN (Reuters) -Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected. The shipping industry has seen record profits in recent quarters due to a surge in consumer demand and pandemic-related logjams holding up containers in key ports in China, Europe and the United States. "Congestion in global supply chains leading to higher freight rates has continued longer than initially anticipated," Maersk said in a statement.
