MAERSK-B.CO - A.P. Møller - Mærsk A/S

Copenhagen - Copenhagen Real Time Price. Currency in DKK
8,636.00
+124.00 (+1.46%)
At close: 4:59PM CEST
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Previous Close8,512.00
Open0.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range8,510.00 - 8,650.00
52 Week Range7,520.00 - 13,560.00
Volume15,597
Avg. Volume35,917
Market Cap173.017B
Beta0.65
PE Ratio (TTM)138.76
EPS (TTM)62.24
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1,634.87
  • Bloomberg8 hours ago

    Maersk Plans to Spin Off Drilling Unit to Focus on Transport

    A.P. Moller-Maersk A/S is planning to spin off its drilling unit instead of pursuing a sale as the Danish conglomerate shifts focus to its transport activities, according to people familiar with the matter. Maersk is likely to opt for a spinoff after takeover bids for the unit were deemed too low, the people said. No final decision has been made and the exact structure of the separation wasn’t immediately clear.

  • IBM and Maersk Bring Blockchain Technology to Shipping
    Motley Fool3 days ago

    IBM and Maersk Bring Blockchain Technology to Shipping

    TradeLens now has 94 participants on board, with full commercial availability set for later this year.

  • Maersk, IBM say 94 organizations have joined blockchain trade platform
    Reuters8 days ago

    Maersk, IBM say 94 organizations have joined blockchain trade platform

    Shipping group Maersk (MAERSKb.CO) said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM (IBM.N) aimed at boosting efficiency and limiting the enormous paper trail of global container shipping. Under its new strategy, which includes the creation of an industry-wide blockchain-based trading platform, Maersk aims to expand its transport and logistics business in areas such as freight forwarding and trade finance. Success of the platform depends on whether Maersk and IBM can convince industry players to sign up.

  • Reuters8 days ago

    Maersk, IBM say 94 organizations have joined blockchain trade platform

    Shipping group Maersk (MAERSKb.CO) said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM (IBM.N) aimed at boosting efficiency and limiting the enormous paper trail of global container shipping. Under its new strategy, which includes the creation of an industry-wide blockchain-based trading platform, Maersk aims to expand its transport and logistics business in areas such as freight forwarding and trade finance. Success of the platform depends on whether Maersk and IBM can convince industry players to sign up.

  • IBM teams with Maersk on new blockchain shipping solution
    TechCrunch8 days ago

    IBM teams with Maersk on new blockchain shipping solution

    IBM and shipping giant Maersk having been working together for the last year developing a blockchain-based shipping solution called TradeLens. Today they moved the project from Beta into limited availability. Marie Wieck, GM for IBM Blockchain says the product provides a way to digitize every step of the global trade workflow, transforming it into a real-time communication and visual data sharing tool.

  • The Wall Street Journal9 days ago

    [$$] Maersk Cuts Forecast as Shipping Slump Deepens

    A/S, the world’s biggest cargo carrier, warned Tuesday its earnings would be weaker than expected this year due to rising fuel prices, soft freight rates and escalating trade tensions. Maersk, which moves about 18% of all containers and is considered a barometer of global trade, said it expects its core profit this year to come in at $3.5 billion to $4.2 billion, compared with previous guidance of between $4 billion and $5 billion. Maersk said its profit will be hit by a 28% increase in its fuel bill and a 1.2% decline in average freight rates.

  • Denmark's Maersk cuts 2018 guidance, eyes market recovery
    Reuters10 days ago

    Denmark's Maersk cuts 2018 guidance, eyes market recovery

    Danish shipping company A.P. Moller-Maersk slashed its 2018 earnings forecast on Tuesday due to weak second-quarter freight rates and higher prices for bunker fuel, although the downgrade was smaller than feared, analysts said. The world's biggest container shipper also said spot freight rates have restored after a significant drop in the second quarter, and that its volumes are growing in line with the market. Following the unexpected announcement, Maersk's share price initially fell more than 5 percent but shortly after rose to trade 4.6 percent higher for the day at 1409 GMT.

  • Maersk Shares Rise as Market Sees Silver-Lined Profit Warning
    Bloomberg10 days ago

    Maersk Shares Rise as Market Sees Silver-Lined Profit Warning

    Shares in A.P Moller-Maersk A/S rose as much as 6.9 percent, the most since December 2016, after the world’s largest container line said freight rates had recovered from their drop in the second quarter. “Freight rates have restored after a significant drop in Q2, and volumes are growing in line with market,” Chief Executive Officer Soren Skou said in the statement. The profit warning is “not as bad as feared and 2Q18 results are indicating improved cost control,” Frode Morkedal, an analyst at Clarksons, said in a note.

  • GlobeNewswire10 days ago

    A.P. Møller - Mærsk A/S – Adjustment of expectations for the 2018 result

    As highlighted in the A.P. Møller - Mærsk A/S’ (APMM) financial report for Q1 2018 the expectation for the 2018 result was subject to increased uncertainties impacting container freight rates, bunker prices and rate of exchange due to geopolitical risks, trade tensions and other factors. Based on the outlook for freight rates for the rest of the year and continued high bunker fuel prices, APMM adjusts its expectation for the 2018 result.

  • Financial Times10 days ago

    [$$] Maersk investors unfazed by profit warning

    , the world’s biggest shipping container group, has issued a profit warning because of lower freight rates and higher marine fuel costs, but its shares rose more than 6 per cent after the downgrade was not as bad as feared. In an unscheduled announcement on Tuesday, the Danish company said that spot freight rates had recovered following a “significant drop” in the second quarter of 2018. “However, we continue to encounter very high bunker [fuel] prices, which we have not been able to get fully compensated for in freight rates,” said Søren Skou, chief executive.

  • A Rare Hedge Fund Bet Targets the World's Biggest Shipping Firm
    Bloomberg26 days ago

    A Rare Hedge Fund Bet Targets the World's Biggest Shipping Firm

    A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping company finds itself the target of an attack by hedge funds. For years, there’s been no speculation against Maersk to speak of. In September, short positions represented just 0.8 percent of the Danish company’s stock.

  • Reuters29 days ago

    Israel's Zim to cooperate with Maersk, MSC on Asia-U.S. trade

    Israel's Zim Integrated Shipping Services said on Thursday it will cooperate with Maersk Line and Mediterranean Shipping Co (MSC) on the Asia-U.S. East Coast trade, providing a boost to Zim's Pacific services. Starting in September the companies will operate together five loops between Asia and the U.S. East Coast. Zim will operate one loop and the other four will be operated by Maersk and MSC, which are the members of the 2M Alliance.

  • Tariffs Make Life Even Tougher for World’s Biggest Shipping Company
    Bloomberglast month

    Tariffs Make Life Even Tougher for World’s Biggest Shipping Company

    A.P. Moeller-Maersk A/S may struggle to make a profit this year after the U.S. and China descended into a trade war that promises to hurt the world’s biggest shipping company. Trade protectionism means less demand, and history suggests the shipping industry will struggle to make the necessary supply cuts. Per Hansen, an investment economist at Nordnet in Copenhagen, says Maersk is currently “in the eye of the hurricane” when it comes to the damage that will be inflicted by a trade war.

  • Reuters2 months ago

    Vestas, Maersk unit team up to tackle costs of ever bigger wind turbines

    Danish wind turbine maker Vestas and offshore services firm Maersk Supply Service are teaming up to tackle the cost of transporting and installing ever larger wind turbines. Vestas and fellow Danish company Maersk Supply Service, part of A.P. Moller-Maersk, said on Thursday the initial focus of the partnership would be on developing a new crane to manoeuvre and install mainly onshore but also offshore wind turbines, some of which stand taller than skyscrapers. "The challenge for the industry is that installation and logistics around the turbines become a greater share of the costs," Bo Svoldgaard, Vestas' head of innovation and concepts, told Reuters.

  • Reuters2 months ago

    Migrants rescued by Danish cargo ship land in Sicily

    More than 100 rescued migrants from private cargo ship Alexander Maersk, picked up off the coast of southern Italy on Friday, arrived in the southern port of Pozzallo in Sicily on Tuesday. The new Italian government has closed its ports to ships operated by charities in the Mediterranean, saying the European Union must share the burden of disembarking migrants rescued at sea, mostly off the Libyan coast. The Alexander Maersk is a container ship owned by Maersk Line, part of Danish transport and logistics A. P. Moller-Maersk Group, and is not operated by a non-governmental organisation.

  • Maersk Blazes a Shipping Diversity Trail With First Female CFO
    Bloomberg2 months ago

    Maersk Blazes a Shipping Diversity Trail With First Female CFO

    A.P. Moller-Maersk appointed Carolina Dybeck Happe as the company’s first female chief financial officer, joining the company by the beginning of next year. Bloomberg's Jason Kelly reports on "Bloomberg ...

  • Maersk poaches new finance chief from Assa Abloy
    Reuters2 months ago

    Maersk poaches new finance chief from Assa Abloy

    Denmark's A.P. Moller-Maersk has chosen Carolina Dybeck Happe as its new Chief Finance Officer, it said on Wednesday. Happe will take the position at a time where Maersk is undergoing a strategic transformation ...

  • Reuters2 months ago

    Rio Tinto hires CFO from Danish shipper Maersk

    (Reuters) - Major miner Rio Tinto (RIO.L) (RIO.AX) named Jacob Stausholm, formerly CFO of Danish shipping company A.P. Moller-Maersk, to replace outgoing financial boss Chris Lynch when he retires in September, ...

  • Reuters3 months ago

    Endangered whale shark fins found in Singapore Airlines shipment to HK

    Shark fins from endangered species including the giant, placid whale shark were found in a Singapore Airlines shipment to Hong Kong in May, highlighting the widespread challenges the Chinese territory faces in regulating the trade. The 980 kgs (2,150 pounds) shipment of assorted fins came from Colombo, Sri Lanka via Singapore. Singapore Airlines, which bans shark fin cargo, said in an emailed statement on Wednesday that the shipment had been labelled as "Dry Seafood".

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of MAERSK B.CO earnings conference call or presentation 17-May-18 9:00am GMT

    Q1 2018 AP Moeller - Maersk A/S Earnings Call

  • Reuters3 months ago

    Merkel woos China as Trump poses new trade challenge

    China said on Thursday it would "open its door wider" to German businesses, giving a warm reception to visiting Chancellor Angela Merkel, who has wooed Beijing to counterbalance trade threats from U.S. President Donald Trump. Germany and China, two exporting nations that run large trade surpluses with the United States, have found themselves in Trump's firing line and are scrambling to preserve the multi-lateral order on which their prosperity rests.

  • Maersk warns on trade risks as disappointing first-quarter earnings hit share price
    Reuters3 months ago

    Maersk warns on trade risks as disappointing first-quarter earnings hit share price

    A.P. Moller-Maersk missed first-quarter profit expectations on Thursday and warned that political and trade tensions clouded the outlook, sending shares in the world's biggest container shipper sharply lower. Chief Executive Soren Skou called the result "unsatisfactory" but said he still expected EBITDA for the year at $4 billion-$5 billion. Maersk shares fell almost 12 percent after the results to near 18-month lows, although quarterly revenue at $9.3 billion topped analysts' forecasts of $8.8 billion.