Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Denmark
  4. Nasdaq Copenhagen
  5. A.P. Møller - Mærsk A/S
  6. News
  7. Summary
    MAERSK B   DK0010244508

A.P. MØLLER - MÆRSK A/S

(MAERSK B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

A P Møller Mærsk A/S : Christmas isn't cancelled despite choked port, Britain says

10/13/2021 | 10:11am EDT
Cyclist rides past a sign on the side of a delivery lorry advertising for jobs, in London

LONDON (Reuters) - Britain said on Wednesday that people should buy normally for Christmas and there would be no shortage of gifts, after shipping containers carrying toys and electrical goods were diverted from the country's biggest port because it was full.

Maersk, the world's largest container shipping company, has diverted some vessels from Felixstowe port in eastern England because a lack of truck drivers means there is nowhere left to stack containers.

"I'm confident that people will be able to get their toys for Christmas," Conservative Party co-Chairman Oliver Dowden told Sky. He said he was sure Christmas gifts would be delivered this year.

Dowden, a cabinet minister without portfolio, said the issues at the port were easing and the supply chain problems facing the world's fifth largest economy were global - such as a shortage of truckers and port congestion.

"The situation is improving," Dowden said, referring to Felixstowe, which handles 36% of the country's containerised freight. Asked whether people should start to buy now for Christmas, he said: "I would say just buy as you do normally."

He said Prime Minister Boris Johnson, who is on holiday abroad, was very much engaged with domestic and international issues. "He's very much engaged with the job."

Britain's economy is forecast to grow at 6.8% this year, the fastest in the G7 leading economies, though supply chain disruption and inflationary pressures are constraining the global economy, the International Monetary Fund https://www.reuters.com/business/imf-cuts-global-growth-outlook-supply-bottlenecks-hobble-pandemic-recovery-2021-10-12 said.

Britain's economy returned to growth https://www.reuters.com/world/uk/uk-growth-picks-up-august-after-july-dip-2021-10-13 in August after contracting for the first time in six months in July.

But its exit from the European Union has exacerbated some of the problems by constricting immigration.

Britain is short of about 100,000 truckers, leading to queues for fuel at filling stations and worries about getting food into supermarkets, with a lack of butchers and warehouse workers also causing concern.

"Felixstowe is currently among one of the affected ports. The main factors in addition to pandemic impact behind this situation are high consumption demand and lack of truck drivers for land side distribution," Maersk said.

It was diverting some ships "to alternate continental ports" to regulate the flow of cargo and minimise the impact on supply chains and British consumers ahead of Christmas, it said.

A lack of labour is also affecting farmers.

Two sisters running a pig farm in northeast England urged Johnson to lift strict immigration rules for butchers or risk seeing the pork sector https://www.reuters.com/world/uk/desperate-british-pig-farmers-tell-johnson-ease-immigration-rules-2021-10-13 collapse under the weight of overly fattened animals.

"The pressure is like pressure we've never had before, emotionally it's absolutely draining, financially it's crippling," Vicky Scott told Reuters over the squeals of a couple of hundred pigs. "We're in a fairly bad place right now."

(Additional reporting by Jacob Gronholt-Pedersen in Copenhagen; Editing by Alistair Smout and Barbara Lewis)

By Sarah Young and Guy Faulconbridge


© Reuters 2021
All news about A.P. MØLLER - MÆRSK A/S
10/15BOLLORE : France's Bollore Mulls Sale of African Logistics Units
MT
10/15French group Bollore considering selling African logistics divisions -Le Monde
RE
10/15A P MØLLER MÆRSK A/S : Maersk Chosen As Danish Crown's Main Logistics Partner for Three Ye..
MT
10/15DRILLING OF 1972 A/S : Maersk Drilling Secures Contract Extension For Exploration Well In ..
MT
10/14DRILLING OF 1972 A/S : Maersk Drilling Becomes Preferred Contractor For Danish Offshore Ca..
MT
10/13A P MØLLER MÆRSK A/S : Christmas isn't cancelled despite choked port, Britain says
RE
10/13FTSE 100 Closes Up Boosted by House Builder Stocks
DJ
10/13JAMES STEWART : FTSE Flat, Brexit, Trade Issues Pose Risks For Sterling
DJ
10/13U.S. warns on Xmas gifts; UK says don't panic buy
RE
10/13EUROPEAN MIDDAY BRIEFING - Stocks Rise Despite -2-
DJ
More news
Analyst Recommendations on A.P. MØLLER - MÆRSK A/S
More recommendations
Financials (USD)
Sales 2021 58 668 M - -
Net income 2021 15 975 M - -
Net cash 2021 36,5 M - -
P/E ratio 2021 3,28x
Yield 2021 10,00%
Capitalization 50 102 M 50 065 M -
EV / Sales 2021 0,85x
EV / Sales 2022 0,85x
Nbr of Employees 83 624
Free-Float 43,6%
Chart A.P. MØLLER - MÆRSK A/S
Duration : Period :
A.P. Møller - Mærsk A/S Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends A.P. MØLLER - MÆRSK A/S
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 2 737,51 $
Average target price 3 365,47 $
Spread / Average Target 22,9%
EPS Revisions
Managers and Directors
Søren Skou Chief Executive & Operating Officer
Patrick Jany Chief Financial Officer & Executive Vice President
Jim Hagemann Snabe Chairman
Navneet Kapoor EVP, Chief Technology & Information Officer
Sven Arne Karlsson Independent Director