AP Moller - Maersk A/S

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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A.P. Møller-Mærsk A/S engages in shipping, energy, transportation, offshore drilling, and retail activities. It operates through the following segments: Ocean, Logistics and Services, Terminals and Towage, and Manufacturing and Others. The Ocean segment includes global container shipping activities including strategic transhipment hubs and sale of bunker oil. The Logisticsco and Services segment comprises freight forwarding, supply chain management, inland haulage, and other logistics services. The Terminals and Towage segment focuses in the gateway terminal activities, towage, and related marine activities. The Manufacturing and Others segment involves inthe production of reefer and dry containers, providing off-shore supply service, and trading and other businesses. The company was founded by Arnold Peter Møller and Peter Mærsk Møller on April 16, 1904 and is headquartered in Copenhagen, Denmark.

Danish company has axed 6,500 of those roles already, with global economic slowdown taking toll

Maersk to cut 10,000 jobs as shipping demand drops

Global shipping giant A.P. Moeller-Maersk on Friday outlined plans to lay off at least 10,000 staff in a desperate bid to cut costs following a collapse in its third-quarter revenues.

Maersk to cut 10,000 jobs as shipping firm revenue slides

Maersk, the world's largest shipping group, dropped over 9% in early trading after confirming it was cutting 10,000 jobs and that operating profit would be on the lower end of guidance. Weak demand for shipping containers and lower freight rates have led the Danish company to place its full-year pre-tax profit forecast at the lower end of its US$9 billion to US$11 billion range.

Maersk cuts thousands of jobs as shipping demand sinks

Shipping group A.P. Moller-Maersk , reported a steep drop in third-quarter profit and revenue on Friday and said it would cut at least 10,000 jobs in the face of overcapacity, rising costs and weaker prices.

Maersk to cut at least 10,000 jobs as shipping boom unravels

ZIM Integrated Shipping Services

ZIM Integrated (NYSE: ZIM) stock price has been in a strong freefall as concerns about the shipping industry faces multiple headwinds. The stock plunged to a low of $7.82 this week, the lowest point since March 2021.

ZIM Integrated stock: Avoid as Maersk warns of subdued demand

Danish logistics giant Maersk is adding SpaceX's Starlink to more than 330 container ships.

Shipping giant Maersk to add SpaceX's Starlink internet to over 330 ships by early next year

Erria Container Services (ECS) styrker samarbejdet med Maersk Vietnam gennem en ny 2-årig aftale Investor nyhed nr. 05  Erria A/S har via selskabets datterselskab, Erria Container Services (ECS) indgået en ny 2-årig aftale med MAERSK i Vietnam.

Erria Container Services (ECS) styrker samarbejdet med Maersk Vietnam gennem en ny 2-årig aftale

Global logistics company Maersk and autonomous technology developer Kodiak Robotics have launched a commercial autonomous trucking lane between Houston and Oklahoma City. Since August, the companies have been using autonomous trucks pulling 53-foot trailers, with a safety driver behind the wheel, they said in a Thursday (Oct. 5) press release.

Maersk and Kodiak Robotics Launch Commercial Autonomous Trucking Lane

Egypt and Maersk's C2X signed a new framework agreement worth up to $3 billion for the production of green fuel and its derivatives in the Suez Canal economic zone, according to a statement released on Wednesday.

Egypt, Maersk's C2X sign agreement worth up to $3 bln for production of green fuel - statement

Maersk is currently trading at nearly half of book value, representing a margin of safety for value investors. The company has a robust cash position, with low debt-to-equity and strong potential for outsized returns from stock buybacks in future years. Dividend yield is uncertain for the next 1-2 years, but will likely help to offset some of the near-term downside which stems from cyclicality.

Maersk Doesn't Need A Soft Landing To Be A Great Investment

Container shipping giants CMA CGM and Maersk said on Tuesday they will cooperate in efforts to reduce emissions in the sector, including by supporting the use of methanol and aiding research into potential fuels like ammonia.

Shipping rivals CMA CGM, Maersk to collaborate on green fuels

Maersk (CPH: MAERSK-B) – the Danish shipping giant says it's seeing early signs of recovery in global trade. Its shares still ended marginally down on Friday.

Maersk sees a ‘slow pick up' in global trade next year

There are tentative signs of a bounceback in global trade, according to the CEO of shipping titan Maersk.

Shipping giant Maersk is seeing tentative signs of a bounce back in global trade

Danish industrial group A.P. Moller Holding (APMH) and its shipping arm Maersk said on Thursday they have formed a new company to produce green methanol, with an expected annual output of over three million tonnes by 2030.

Maersk and APM Holding form C2X green methanol venture

Shipping giant Maersk on Thursday presented its first container vessel moved with green methanol.

Shipping giant Maersk unveils 'trendsetter' green vessel as it aims to be carbon neutral by 2040

FLORHAM PARK, N.J. & NEW YORK--(BUSINESS WIRE)--A.P. Moller - Maersk (Maersk) and Fabric are introducing a new 38,000-square-foot automated-fulfillment center in Dallas, Texas, powered by Fabric's advanced robotic and software technology. The new facility features an AI-driven, automated e-commerce fulfillment solution in an urban environment that maximizes warehouse productivity while minimizing real estate footprint requirements. "The growth of E-commerce continues to reshape the retail lands.

A.P. Moller – Maersk teams with Fabric to implement AI-driven automated fulfillment center for E-commerce

TotalEnergies SE

Denmark's supreme court on Wednesday ruled against Maersk and TotalEnergies in a tax case involving the alleged misuse of transfer pricing in the companies' business in Algeria and Qatar.

Danish Supreme Court rules against Maersk and TotalEnergies in tax case

The port of Rotterdam has for the first time refuelled a methanol-powered container ship as the shipping industry turns to the technology to cut its emissions, methanol producer OCI Global said on Tuesday.

Maersk's methanol ship makes maiden refuelling in Rotterdam

Maersk has shown relatively flat trends due to high valuations and expectations, leading to negative analyst coverage. Despite a downturn in shipping rates, Maersk delivered solid quarterly revenues and maintained guidance for the full year. The company's other segments, such as Logistics & Service, are delivering good results, and Maersk is expected to see improvements in the second half of 2023.

Maersk: Things Are Far From Bad, I Share Management Optimism

LOS ANGELES--(BUSINESS WIRE)-- #climate--WasteFuel, a California-based biofuels company, announced today the appointment of Peter Votkjaer Jorgensen, former Partner in Maersk Growth, the venture arm of the A.P. Moller – Maersk Group, as Chief Financial Officer (CFO) effective October 1, 2023. Peter will be responsible for the financial management of the company, support the company's international relationships and partnerships, and work with the executive team to drive WasteFuel's next stage of growth. H.

WasteFuel Appoints Former Maersk Executive Peter Votkjaer Jorgensen as Chief Financial Officer

Maersk stock is currently depressed due to struggles the global economy faces and stagnant shipping freight rates. Economists have flip-flopped on their predictions of a recession perhaps creating an opening for positive thinking about Maersk shares. Maersk is well-positioned in the container shipping and logistics industry preparing for future challenges with green energy initiatives and AI integration.

Ready To Set Sail With A.P. Møller - Mærsk A/S

A.P. Møller - Mærsk A/S (OTCPK:AMKBY) Q2 2023 Earnings Conference Call August 4, 2023 5:00 AM ET Company Participants Vincent Clerc – Chief Executive Officer Patrick Jany – Chief Financial Officer Conference Call Participants Cristian Nedelcu – UBS Muneeba Kayani – Bank of America Alexia Dogani – Barclays Dan Togo Jensen – Carnegie Investment Bank Sam Bland – JPMorgan Ulrik Bak – SEB Omar Nokta – Jefferies Lars Heindorff – Nordea Sathish Sivakumar – Citi Dan Togo Jensen – Carnegie Investment Vincent Clerc Good morning, everyone, and thank you all for joining us today as we present the Second Quarter of our 2023 Results. My name is Vincent Clerc.

A.P. Møller - Mærsk A/S (AMKBY) Q2 2023 Earnings Call Transcript

Maersk (CPH: MAERSK-B) says lower freight rates resulted in a big decline in its second quarter earnings. Its shares are down 5.0% on Friday.

Maersk records a 72% decline in Q2 profit: ‘we knew correction would come'

Michael Burry warned surplus inventory leads to price cuts, slimmer profits, and pressure on stocks. Maersk just reported a shipping slowdown as customers are focused on destocking.

'Big Short' investor Michael Burry rang the alarm on bloated inventories last year. Maersk's shipping slump suggests he was right to worry.

Shipping giant Maersk has issued a warning about the outlook for global trade as it cut its outlook for the number of containers it will carry. The Danish shipping and logistics firm, often viewed as a bellwether for the world economy, said there are no substantial signs that volumes will recover this year as it said global container trade will probably contract as much as 4% in 2023.

News for AP Moller - Maersk A/S Stock (AMKBY)