Mærsk

2024 - 2 - 8

Maersk Faces Profit Warnings and Uncertainties in Container Shipping

Discover the challenges and market outlook for Maersk as it navigates through oversupply concerns and profit warnings in the container shipping industry.

Maersk, a prominent player in the container shipping sector, recently issued profit warnings amid concerns of overcapacity impacting its earnings. Despite delivering solid financial results in 2023, the company anticipates a challenging year ahead due to declining freight rates. Maersk's shares tumbled after it suspended share buybacks, signaling a cautious approach to navigate the uncertain market conditions. The industry giant is bracing for a slowdown in profits once the current freight rate boost fades.

Amid market uncertainties, Maersk hinted at a potential bid for DB Schenker, a move that could reshape its logistics portfolio and competitiveness. The company's decision to consider the acquisition reflects strategic shifts in response to market dynamics. However, concerns loom over the impact of container vessel oversupply and Red Sea risks on Maersk's future earnings.

Interestingly, Maersk's CEO emphasized the challenges posed by military operations on ensuring the safety of its vessels in the Red Sea. The company's resilience in the face of geopolitical threats adds a layer of complexity to its operations. Despite the recent stock downturn and earnings slide, Morningstar views Maersk's shares as undervalued, indicating potential for recovery and long-term growth prospects.

Post cover
Image courtesy of "Reuters"

Maersk warns oversupply to hit profits and plays down Red Sea boost (Reuters)

Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected this year and that it didn't see a major boost from the ...

Post cover
Image courtesy of "Maersk"

A.P. Moller - Maersk delivered solid 2023 financial results in a ... (Maersk)

Revenue for 2023 was USD 51.1bn with an EBIT margin of 7.7% impacted by declining freight rates. 2023 was a transitional year following the extraordinary market ...

Post cover
Image courtesy of "Financial Times"

Maersk shares drop after it warns on shipping outlook and suspends ... (Financial Times)

Essential digital access to quality FT journalism on any device. Pay a year upfront and save 20%. Select. What's included.

Post cover
Image courtesy of "The Loadstar"

Mærsk for DB Schenker: of course... 'we are in' - The Loadstar (The Loadstar)

Because a DBS transaction changes the complexity of competitiveness across logistics… … and adding to the less volatile logistics side of its business portfolio ...

Post cover
Image courtesy of "The Wall Street Journal"

Maersk Suspends Share Buyback as It Navigates Uncertain Market ... (The Wall Street Journal)

shares plummeted Thursday after the shipping giant suspended its share buyback and warned earnings will fall sharply this year amid uncertainty in the Red ...

Post cover
Image courtesy of "Yahoo Finance"

Maersk Slumps After Warning of Slowdown Once Freight Boost Fades (Yahoo Finance)

(Bloomberg) -- A.P. Moller-Maersk A/S shares plunged after the shipping company said it expects renewed gloom in the industry later this year when the ...

A.P. Moller-Maersk Hit By Q4 Loss, Buyback Termination, FY24 ... (Nasdaq)

(RTTNews) - Shares of A.P. Moller - Maersk A/S were losing around 16 percent in the morning trading on Denmark stock exchange after the logistics major ...

Maersk stock plunges as shipping giant scraps share buybacks due ... (Morningstar.com)

A.P. Moller-Maersk shares plunged on Thursday after the shipping giant halted its share buyback plan while warning that continued uncertainty in the Red Sea ...

Notification of managers and closely related parties' transactions ... (marketscreener.com)

In connection with the announced share buy-back program in A.P. Møller - Mærsk A/S, A.P. Møller Holding A/S continuously sells shares pro rata and the ...

Post cover
Image courtesy of "FRANCE 24"

Shipping giant Maersk's profit sinks, warns of Red Sea risk (FRANCE 24)

Shares in shipping giant Maersk dived on Thursday after it warned of an uncertain 2024 earnings outlook linked to an oversupply of container vessels and ...

Post cover
Image courtesy of "Air Cargo News"

Maersk weighs up DB Schenker bid - Air Cargo News (Air Cargo News)

Shipping giant AP Moller Maersk says it would now consider making an offer for top-4 airfreight forwarder DB Schenker after previously dismissing the.

Post cover
Image courtesy of "The Wall Street Journal"

Maersk Shares Sink Back to Reality (The Wall Street Journal)

Shares of the world's shipping bellwether dived nearly 20% in early trade after it forecast a steep drop in profit.

A.P. Moller-Maersk Posts Q4 Loss, Suspends Buyback; To Separate ... (Nasdaq)

(RTTNews) - Danish container logistics major A.P. Moller - Maersk A/S (AMKAF.PK, AMKBF.PK) reported Thursday a loss in its fourth quarter, compared to prior ...

Post cover
Image courtesy of "JOC.com"

Maersk to 'look into' potential DB Schenker acquisition: Clerc (JOC.com)

DB Schenker's parent Deutsche Post placed the forwarder on the market late last year. Photo credit: DB Schenker. MaritimeContainer Shipping NewsContainer lines ...

Post cover
Image courtesy of "Transport Topics Online"

Maersk Warns of Slowdown Once Freight Boost Fades | Transport ... (Transport Topics Online)

A.P. Moller-Maersk A/S shares plunged after the company said it expects renewed gloom in the industry this year when the current boost to freight rates from ...

Post cover
Image courtesy of "Reuters"

Maersk will struggle to fix leaky boat (Reuters)

Shipping giants are paying the price for going overboard following the pandemic. Take Denmark's Maersk , which on Thursday delivered just $839 million of ...

Post cover
Image courtesy of "Nasdaq"

Maersk will look into possible DB Schenker deal, CEO says (Nasdaq)

A.P. Moller-Maersk will consider whether to buy Germany's DB Schenker, the logistics arm of Deutsche Bahn which was put for sale last year, its CEO said on ...

Post cover
Image courtesy of "The Maritime Executive"

Maersk Cautions of Overcapacity and Uncertainty for Container ... (The Maritime Executive)

Maersk presented a troubling outlook to investors speaking of expected headwinds and issues of oversupply challenges, eroding rates, and uncertainty...

A.P. Møller - Mærsk A/S (AMKBY) Q4 2023 Earnings Call Transcript (Seeking Alpha)

Q4: 2024-02-08 Earnings Summary · Vincent Clerc - Chief Executive Officer · Lars Heindorff - Nordea · Welcome, everyone, and thank you for joining us on this ...

Post cover
Image courtesy of "gcaptain.com"

Maersk Shares Hammered as Red Sea Boost Masks Overcapacity (gcaptain.com)

A.P. Moller-Maersk A/S shares plunged after the shipping company said it expects renewed gloom in the industry later this year when the current boost to ...

Post cover
Image courtesy of "USNI News"

Maersk CEO Says Military Operations Can't Guarantee Safety of ... (USNI News)

As of Feb. 8, at least three Maersk ships have been targeted by Houthi missiles and drones, according to USNI News' timeline of activity in the Red Sea since ...

Post cover
Image courtesy of "Morningstar"

Maersk Shares Undervalued After Earnings Slide (Morningstar)

Negative market reaction follows warning about shipping oversupply, suspension of share buybacks, but Morningstar thinks the stock is still undervalued.

Explore the last week