Ditlev Blicher, Asia-Pacific president at Maersk, discusses decarbonization in global shipping from a naming ceremony in Singapore for the company's latest "dual-fuel methanol vessel."
The newly named A.P. Møller is a 350-meter-long ship that adds to a growing fleet of Maersk vessels that are able to run on methanol as well as traditional marine fuels.
A.P. Moller-Maersk (AMKBY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, AMKBY's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
A.P. Møller - Mærsk A/S (OTCPK:AMKBY) Q3 2024 Earnings Conference Call October 31, 2024 6:00 AM ET Company Participants Vincent Clerc - Chief Executive Officer Patrick Jany - Chief Financial Officer Conference Call Participants Alex Irving - Bernstein Dan Togo Jensen - Carnegie Cedar Ekblom - Morgan Stanley Robert Joynson - BNP Paribas Lars Heindorff - Nordea Omar Nokta - Jefferies Ulrik Bak - SEB Cristian Nedelcu - UBS Jacob Lacks - Wolfe Research Muneeba Kayani - Bank of America Sathish Sivakumar - Citi Petter Haugen - ABG Sundal Collier Marco Limite - Barclays Vincent Clerc Welcome everyone, and thank you for joining us for this earnings call today as we present our Third Quarter Results for 2024. My name is Vincent Clerc.
A.P. Moller-Maersk (AMKBY) came out with quarterly earnings of $0.99 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.15 per share a year ago.
A.P. Moller-Maersk (AMKBY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Container shipping company Maersk said on Wednesday it continued to serve its customers in Lebanon with two weekly callings in Beirut despite the deteriorating security situation in the country.
Maersk is attractively priced despite recent volatility, with a 15% annualized RoR expected due to strong fundamentals and strategic initiatives. The current dockworker strike is seen as a short-term tailwind, likely to increase shipping rates and benefit Maersk's profitability. Maersk's recent quarterly results show strong EBITDA growth, improved cost base, and strategic progress, reinforcing its position as a leading logistics player.
Global shipping stocks slipped on Tuesday morning after dockworkers walked out of every major port on the US East and Gulf coasts, marking the beginning of a strike. Ben Slupecki, an equity analyst for Morningstar, says a strike that lasts two-to-three weeks could really start to hurt companies.
A.P. Moller Holding, majority owner of shipping giant Maersk , plans an initial investment of 1.5 billion euros ($1.7 billion) for the construction of a fossil-free plastics production facility in the Belgian port of Antwerp, it said on Monday.
Shipping company Maersk is evaluating contingency strategies in Canada, the company said on Thursday after the country's two main freight rail companies shut down their networks over a labour dispute.
Maersk said on Tuesday it continues to accept bookings to and from Canada, withdrawing its statement from a day ago that it would stop accepting some Canada-bound shipments ahead of a possible rail stoppage.