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MarketScreener Homepage  >  Equities  >  NASDAQ OMX COPENHAGEN  >  A.P. Møller - Mærsk    MAERSK B   DK0010244508

A.P. MØLLER - MÆRSK

(MAERSK B)
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Maersk joins other shippers in raising prices for Gulf-bound containers

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07/05/2019 | 06:40am EDT

COPENHAGEN (Reuters) - A.P. Moller-Maersk have joined other major container shipping companies in increasing prices for sending containers into the Persian Gulf in response to the heightened risk of military conflict in the area.

Attacks on two oil tankers in the Gulf of Oman last month drove up oil prices and raised concerns about a U.S.-Iranian confrontation.

The United States has blamed Iran for the attacks, although Tehran has denied the accusation.

"Due to recent unexpected and very significant increases in key factors impacting shipping operational costs in the Arabian Persian Gulf, Maersk is implementing an emergency risk charge globally that applies to all cargo to and from the Arabian Persian Gulf," Copenhagen-based Maersk said in a statement late on Thursday.

Maersk, the world's biggest container shipper, said it would charge an extra $42 per 20-foot container for shipments to some ports in Saudi Arabia, Bahrain, Qatar, United Arab Emirates, Kuwait, Iraq and Oman.

Swiss-based Mediterranean Shipping Co (MSC), French-based CMA CGM, APL, the container shipping unit of Singapore's Neptune Orient Lines (NOL) and German container group Hapag-Lloyd, all informed customers earlier this week that they would raises prices.

(Reporting by Jacob Gronholt-Pedersen; additional reporting by Jonathan Saul. Editing by Jane Merriman)

Stocks mentioned in the article
ChangeLast1st jan.
A.P. MØLLER - MÆRSK 0.94% 7554 Delayed Quote.1.87%
HAPAG-LLOYD AG 3.74% 55.5 Delayed Quote.138.84%
NEPTUNE ORIENT LINES LTD. 0.00% 1.3 End-of-day quote.0.00%
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Financials (USD)
Sales 2019 39 881 M
EBIT 2019 1 508 M
Net income 2019 313 M
Debt 2019 11 691 M
Yield 2019 2,05%
P/E ratio 2019 63,1x
P/E ratio 2020 21,6x
EV / Sales2019 0,85x
EV / Sales2020 0,76x
Capitalization 22 129 M
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Technical analysis trends A.P. MØLLER - MÆRSK
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 1 280,25  $
Last Close Price 1 113,36  $
Spread / Highest target 43,6%
Spread / Average Target 15,0%
Spread / Lowest Target -17,1%
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NameTitle
Søren Skou Chief Executive Officer
Jim Hagemann Snabe Chairman
Carolina Dybeck-Happe Chief Financial Officer
Bhushan Ivaturi Chief Information Officer & Vice President
Ane Mærsk Mc-Kinney Uggla Vice Chairman
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