Maersk Shares Ascent Every Minute Marketplace Sees Silver-Lined Earnings Warning

From Bloomberg via gCaptain, August 7:

By Christian Wienberg (Bloomberg) — Shares inwards A.P Moller-Maersk A/S rose equally much equally 6.9 percent, the most since Dec 2016, later the world’s largest container draw said freight rates had recovered from their drib inwards the minute quarter.

The Copenhagen-based fellowship made the comments equally it lowered its full-year outlook, a deed the marketplace had already priced into the shares.

“Freight rates bring restored later a pregnant drib inwards Q2, together with volumes are growing inwards draw amongst market,” Chief Executive Officer Soren Skou said inwards the statement. “We delivered skillful progress inwards Q2 on revenue, volumes together with unit of measurement cost across our business, together with results improved from a weak Q1.”

The turn a profit alert is “not equally bad equally feared together with 2Q18 results are indicating improved cost control,” Frode Morkedal, an analyst at Clarksons, said inwards a note.

Maersk shares bring inwards the yesteryear months suffered, wound yesteryear merchandise country of war fears together with a turn a profit alert from peer Hapag-Lloyd AG. Before Tuesday’s announcement, the Danish company, which handles almost a 5th of the world’s seaborne trade, had lost almost 22 percentage of its marketplace value since the starting fourth dimension of the year....MORE

Also at gCaptain:

Drunken Master Suspected inwards Another Ship Grounding Off Sweden