|Bid||9,434.00 x 0|
|Ask||9,440.00 x 0|
|Day's Range||9,320.00 - 9,436.00|
|52 Week Range||9,004.00 - 14,260.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,039.22|
A.P. Moller-Maersk's decision to focus on transport and jettison oil was put under pressure on Friday as the world's largest container shipping firm missed profit forecasts. Ciara Lee reports
Danish shipping group A.P. Moller-Maersk (MAERSKb.CO) said on Tuesday its chief financial officer has decided to leave the company after only 16 months in the role. The departure of Jakob Strausholm, who took the role as chief finance, strategy and transformation officer in December 2016, comes after Maersk decided to separate the finance role from its IT and digital transformation function, the company said. The change comes amid a major restructuring and digital drive which Maersk hopes will simplify the process of moving goods around the world.
AP Moller-Maersk has unexpectedly replaced its finance director, unnerving investors in the middle of the biggest transformation in the Danish conglomerate’s history. Jakob Stausholm resigned after Maersk ...
Danish shipping group A.P. Moller-Maersk's (MAERSKb.CO) is betting on winning new customers for its port division by becoming a one-stop shop that can transport goods from factory to retailers' shelves. Last month, Maersk said it aimed to expand its port and transport services, giving customers the chance to deal with one company when shipping goods from factory to shop shelf. Maersk has said it aims to become a global integrator of container logistics and is looking to models similar to the courier express and package industry, where customers deal with just one company such as UPS (UPS.N) or FedEx (FDX.N).
A fire is raging for a second day aboard a Maersk container vessel in the Arabian Sea and an evacuated crew member has died, while four others remain missing, the Danish cargo shipping line said Wednesday....
A crew member died and four others went missing after fire broke out on a new Maersk Line container vessel in the Arabian Sea, the company said. The vessel caught fire at around 1520 GMT on Tuesday, about 900 nautical miles southeast of Salalah, Oman, the world's biggest container shipping company said in a statement. "His health condition drastically deteriorated ... due to the injuries sustained in connection to the fire," said Maersk, a unit of Danish shipping firm A.P. Moller-Maersk A/S .
COPENHAGEN, Denmark (AP) — Four people are missing after "a serious fire" erupted on a Singapore-flagged cargo ship in the Arabian Sea belonging to the shipping branch of the Danish group A.P. Moller-Maersk, authorities said Wednesday.
A Maersk container vessel is on fire in the Arabian Sea with four crew members missing, the Danish cargo shipping line said late Tuesday.
Shipping company A.P. Moller-Maersk said Tuesday between 70 and 73 containers had collapsed on a vessel off the U.S. East Coast, causing some of the containers to fall into the ocean. The incident happened ...
A.P. Moller-Maersk A/S is about to exit the Danish offshore oil industry that it created half a century ago. But for the next few decades, it will be stuck with a liability that’s as big as $1.2 billion ...
Last week, the largest container shipping company in the world made headlines when its CEO said it wanted to become “peers” with FedEx and UPS. Soren Skou, CEO of Denmark-based A.P. Moller-Maersk, made those comments Feb. 20 in Copenhagen at Capital Markets Day. To better understand Maersk's drive to be peers and the company’s current reconfiguration, the Memphis Business Journal turned to Christian Pedersen, vice president of trade and marketing for Maersk Line, North America.
Denmark’s A. P. Moeller-Maersk A/S is bracing for higher expenses stemming from new rules that limit the sulfur content of bunker fuel from 2020 onwards, the company’s finance chief said. “That could mean higher fuel costs for us,” Chief Financial Officer Jakob Stausholm said Wednesday in an interview with CFO Journal. The International Maritime Organization’s new rules require ships to use marine fuel with a sulfur content of less than 0.5% by 2020, compared to the current level of 3.5%.
The CEO of Denmark’s A.P. Moller-Maersk said Tuesday that his company plans to compete directly with United Parcel Service Inc. (UPS) and Fedex Corp. (FDX) as it expands its transport and logistics business, according to Reuters . Maersk, the world’s largest container shipping company, is restructuring in order to focus on transport and logistics, selling its oil and gas business for $7.5 billion in August to France’s Total, Reuters reports. The company plans to expand its services to all parts of the supply chain, creating efficiency when shipping goods from one side of the world to another.
Denmark's A.P. Moller-Maersk (MAERSKb.CO) plans to compete directly with package delivery companies UPS (UPS.N) and Fedex (FDX.N) as it expands its transport and logistics business, its chief executive said on Tuesday. Maersk, the world's largest container shipping company, sold its North Sea-focused oil and gas business in August to France's Total (TOTF.PA) in a $7.5 billion (5.37 billion pounds) deal in August as it focuses on transport and logistics. As part of its restructuring, Maersk aims to expand its services to all parts of the supply chain, giving customers the chance to deal with one firm when shipping goods from one side of the world to another.
A.P. Moller-Maersk plans to expand its transport and logistics business to compete directly with package delivery companies UPS and Fedex as part of a major restructuring, its chief executive said Tuesday. Maersk, the world's largest container shipping company, has sold off the majority of its energy assets to focus entirely on transport and logistics.
The chief executive officer of the world’s biggest shipping company says it’s unlikely container vessels will operate without humans in his lifetime.
The world’s biggest container shipping line is trying to stop customers like Amazon.com Inc. and Alibaba Group Holding Ltd. from becoming competitors in just a few years’ time.
Danish shipping and energy giant A.P. Moeller-Maersk swung to a profit in the fourth quarter, but the company’s leader said global freight rates are still depressed.
Danish shipping and energy giant A.P. Moeller-Maersk swung to a profit in the fourth quarter, as it continues its transition into a global supply-chain major.
A.P. Moller-Maersk's move to focus on transport and jettison oil was tested on Friday as the world's largest container shipping firm missed profit forecasts and gave what analysts saw as a conservative outlook. "I'm still very optimistic on the fundamentals of the global container shipping industry," Chief Executive Soren Skou told Reuters after the quarterly results.
A.P. Moller-Maersk's (MAERSKb.CO) move to focus on transport and jettison oil was tested on Friday as the world's largest container shipping firm missed profit forecasts and gave what analysts saw as a conservative outlook. "I'm still very optimistic on the fundamentals of the global container shipping industry," Chief Executive Soren Skou told Reuters after the quarterly results.