Maersk CEO Vincent Clerc discusses the market conditions that fueled the shipping giant's fourth-quarter performance in the face of global uncertainty.
"At a time of very high microeconomic uncertainties, we were able to be sufficiently agile," Maersk CEO Vincent Clerc told CNBC's "Squawk Box Europe."
Dublin, Jan. 29, 2025 (GLOBE NEWSWIRE) -- The "High-Tech Logistics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for High-Tech Logistics was valued at US$50.2 Billion in 2024 and is projected to reach US$96.1 Billion by 2030, growing at a CAGR of 11.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. High-tech logistics is revolutionizing supply chain management by integrating advanced technologies such as artificial intelligence (AI), Internet of Things (IoT), and blockchain to optimize operations and enhance efficiency. These technologies enable real-time tracking of shipments, predictive maintenance of vehicles, and streamlined inventory management, addressing long-standing challenges in traditional logistics systems. By leveraging AI algorithms, logistics companies can analyze vast datasets to predict demand, optimize routes, and reduce delivery times, minimizing operational costs and carbon footprints.
I maintain a "Buy" rating for A.P. Moller Maersk with a target price of 13,500 DKK/share, viewing it as a long-term investment. The recent resolution of the dockworker strike stabilizes shipping rates, reducing near-term risks and supporting Maersk's growth outlook. Maersk's 3Q24 results show strong profitability and increased guidance, with significant revenue, EBITDA, and profit growth across all segments.
A.P. Moller-Maersk (AMKBY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Denmark-based logistics giant Maersk unveiled its latest dual-fuel methanol vessel in Singapore, as the shipping industry ramps up decarbonization efforts.
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.
BASEL, Switzerland--(BUSINESS WIRE)-- #4PL--Syngenta Crop Protection, a global leader in agricultural innovation, and Maersk, a global integrator of logistics, announced today the extension of their fourth-party logistics (4PL) partnership for an additional five years. This renewed collaboration underscores both companies' commitment to responsible logistics through continuous supply chain optimization and innovation. A 4PL provider takes third-party logistics further by managing resources, technology.
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.