Maersk Pre-Releases 2Q, but Numbers Not Terrible
It's not often that shares rally on the back of an effective profit warning, but such is the case with no-moat Maersk on the afternoon of Aug. 7, 2018. Just over a week ahead of the scheduled first-half update, management guided to a lower EBITDA figure for the full year, based on higher bunker fuel prices and lower freight rates in the flagship Maersk Line business. With market expectations already low, however, today’s update has come as somewhat of a positive surprise. While we plan on making...A.P. Moeller Maersk is an international shipping company. Co.'s operating segments are: Container shipping and related activities which include global container services, inland transportation, manufacturing and repair of containers and container depots, and logistics and forwarding activities; APM terminals; Tankers, offshore and other shipping activities which include tanker shipping of crude oil, oil products and gas, offshore drilling activities and operation of land rigs, supply vessel activities with anchor handling and platform supply vessels, ferry services and door-to-door transportation in Northern Europe; Oil and gas activities; Retail activity; and Shipyards and other activities.
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