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A.P. Møller - Mærsk A/S (MAERSK-B.CO)
| Previous close | 12,105.00 |
| Open | 12,340.00 |
| Bid | 12,825.00 x 0 |
| Ask | 12,835.00 x 0 |
| Day's range | 12,145.00 - 12,950.00 |
| 52-week range | 8,412.00 - 14,430.00 |
| Volume | |
| Avg. volume | 30,347 |
| Market cap | 199.824B |
| Beta (5Y monthly) | 1.13 |
| PE ratio (TTM) | 18.38 |
| EPS (TTM) | 699.67 |
| Earnings date | 07 Aug 2024 |
| Forward dividend & yield | 515.00 (4.00%) |
| Ex-dividend date | 15 Mar 2024 |
| 1y target est | 20,832.70 |
ReutersRed Sea disruptions to continue into Q3, Maersk CEO says
The coming months will be challenging for carriers and businesses, as disruptions to container shipping via the Red Sea continue into the third quarter, Danish shipping company Maersk said on Monday. Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher. "The longer that this lasts, the more our costs will get deeply ingrained," Maersk said in a statement, citing comments made by CEO Vincent Clerc at "a recent online event with customers".
ReutersMaersk pulls out of bidding for Germany's DB Schenker, shares spike
COPENHAGEN (Reuters) -Danish shipping group Maersk said on Monday it is no longer interested in buying DB Schenker as integrating the logistics firm would pose too many challenges. German state rail operator Deutsche Bahn last year launched a sale process for its logistics arm and Maersk has previously said it was considering buying it. "Our investigation confirmed DB Schenker as an interesting company ... But the in-depth review also identified areas of challenges from an integration perspective," Maersk CEO Vincent Clerc said in a statement.
Barrons.comShipping Rates Are Soaring. Will They Refuel Inflation?
Sending goods around the world by ship is at least five times as expensive as it was last year, putting new cost pressures on companies and raising the specter of prolonged inflation. Container ship rates from Asia to Europe have jumped to about $8,000 per 40-foot shipping container, up from an average of $1,500 last year, according to Jefferies analyst Omar Nokta. Geopolitical tension is the biggest reason—the Houthi faction in Yemen continues to attack ships in the Red Sea in protest of Israel’s war in Gaza, despite efforts by the U.S. and others to stop the attacks.
