A.P. Moller-Maersk A/S Unsponsored ADR (AMKBY)
Maersk parent to invest $1.7 bln in fossil-free plastics plant at Antwerp port
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.
Maersk eyes contigency plans as Canada rail networks close, still takes bookings
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 continues to accept Canada cargo as rail stoppage looms
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.
A.P. Moller - Maersk A/S (AMKBY) Q2 2024 Earnings Call Transcript
A.P. Moller - Maersk A/S (OTCPK:AMKBY) Q2 2024 Earnings Conference Call August 7, 2024 5:00 AM ET Company Participants Vincent Clerc - Chief Executive Officer Patrick Jany - Executive Board Member and Chief Financial Officer Conference Call Participants Cristian Nedelcu - UBS Ulrik Bak - SEB Muneeba Kayani - Bank of America Dan Togo Jensen - Carnegie Alex Irving - Bernstein Lars Heindorff - Nordea Petter Haugen - ABG Sundal Collier Jacob Lacks - Wolfe Research Sathish Sivakumar - Citi Vincent Clerc Hello, everyone, and thank you for joining this earnings call today as we present our Second Quarter Results for 2024. My name is Vincent Clerc.
Maersk: Demand for Shipping Shows No Signs of Potential Recession
Contrary to widespread worries about a potential economic slowdown, shipping giant Maersk has reportedly seen no signs of a U.S. recession.
No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says
U.S. inventories "are not at a level that is worrisome or that seems to indicate a significant slowdown right in the offing," Maersk CEO Vincent Clerc told CNBC, as fears of a recession in the world's largest economy mount. Chinese exports have helped drive overall container demand in the most recent quarter, Clerc said.
A.P. Moller-Maersk (AMKBY) Q2 Earnings Surpass Estimates
A.P. Moller-Maersk (AMKBY) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.04 per share a year ago.
A.P. Moller-Maersk (AMKBY) Earnings Expected to Grow: What to Know Ahead of Q2 Release
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.
DOF Group to acquire Maersk Supply Service for $1.11 bln
Norwegian supply shipping company DOF Group said on Tuesday it had entered into an agreement to acquire a Maersk Supply Service (MSS) from Maersk Supply Service Holding (MSSH)for $1.11 billion in a cash and stock deal.
Maersk shares jump on decision to scrap plans for DB Schenker takeover
A.P. Moller-Maersk shares jumped on Monday after the Danish shipping giant confirmed it had scrapped its plans to acquire German logistics company DB Schenker in a takeover deal that reportedly valued the firm at €15 billion ($16 billion).
Maersk truck and rail operations hit by German floods
Shipping group Maersk's truck and rail operations have been hit by heavy flooding in Germany, the Danish company said on Wednesday.
J Mintzmyer's Note Of Caution On Shipping
Shipping disruptions in the Red Sea have led to increased shipping rates in container ships, oil tankers, and dry bulk. Container ships are the most affected trade, followed by oil tankers.
