A.P. Moeller-Maersk is in a strong position to handle the problematic market conditions, note Nordea as well as investment bank Jefferies in comments published on Thursday following the conglomerate's Capital Markets Day on Wednesday - and the Group faces a lot of work in handling the sliding oil price, which has hit the oil business Maersk Oil, the vast overcapacity of container ships sailing the world seas, and fewer goods to transport.
"Capital Markets Day in Copenhagen yesterday confirmed the company is well positioned to cope with difficult market conditions (…) Maersk will take advantage of market weakness to further expand, with an increasing focus on acquisitions in Maersk Oil and APM Terminals, likely resulting in relatively less generous near-term cash returns to shareholders," writes Jefferies.
Already a subscriber? Log in.
Read the whole article
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.