|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||2,477.20 - 2,477.20|
|52-week range||2,308.90 - 3,817.25|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||2.13|
|Forward dividend & yield||372.73 (15.05%)|
|Ex-dividend date||16 Mar 2022|
|1y target est||N/A|
Research shows that quality and value are two powerful drivers of stock market profits. With the economic outlook becoming more uncertain, it's possible that t...
The cost of shipping goods has surged 25-30% since the start of the pandemic due to array of inflationary pressures that are "unlikely to abate in the short term," world No. 1 container shipping company Maersk told Reuters on Wednesday. Maersk is viewed as a bellwether for global trade as it transports goods for retailers and consumer companies from Walmart and Nike to Unilever. "I think some more inflation (will) come through in the years to come," Vincent Clerc, chief executive of Ocean and Logistics at Maersk said in an interview during the Consumer Goods Forum's Global Summit conference in Dublin.
Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to come. The disruption to world trade caused by pandemic lockdowns and a shortage of new cargo vessels has pushed freight rates for ageing container ships to record highs. Cashing in on the boom, shipping firms are locking in long-term leases lasting three to four years, which means consumers could carry on paying the price for the surge in costs until hundreds of new ships on order come into service.