MØLLER - MÆRSK A/S | NASDAQ OMX COPENHAGEN: MAERSK B | NASDAQ OMX COPENHAGEN Meanwhile, the cost of moving a 40-foot container across the Pacific is still hovering near $4,000, almost triple the rate at the start of the year -- even after the industry’s usual peak season from August to mid-October.In this environment, “only a fool would try to predict the future,” said Alan Murphy, the CEO of analysis company Sea-Intelligence.Still, there’s no harm in trying. The company was founded by Arnold Peter Møller and Peter Mærsk Møller on April 16, 1904 and is headquartered in Copenhagen, Denmark. It expects world goods trade to return to late-2019 levels at the end of next year but said “we do not see a similar recovery in services until 2023.”If that’s the case, transport costs for merchandise could stay high and buck the usual seasonal patterns.Full SteamSanne Manders, the chief operating officer at Flexport, a San Francisco-based freight forwarder, said one result could be seaborne shipping rates that don’t come down very much like usual after China’s Golden Week holiday in early October. Cookie Notice. MAERSK.B | Complete A.P. So when the shippers cancel sailings in anticipation of a softening global economy, for instance, rates will inevitably be volatile.“The supply-demand situation is strong right now in favor of the carriers,” Manders said. “The consumer is just buying a lot of stuff.”What Bloomberg’s Analysts Say...“It does seem that the container industry has finally gotten religion when it comes to supply management. A.P. “The best visibility they have now is we see continued strength and replenishment beyond Chinese New Year and deep into the first quarter.”(Adds East Coast, intermodal details in final three paragraphs)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Currency in DKK, The Man Who Bought Amazon at $48 Says Buy TaaS Now. Privacy Notice, and The Ocean segment includes global container shipping activities including strategic transhipment hubs. There are currently no items in this Watchlist. A.P. MØLLER - MÆRSK A/S : Delayed Quote, intraday chart, variations, volumes, technical indicators and last transactions, share A.P. Create a list of the investments you want to track. COSCO SHIPPING ENERGY TRANSPORTATION CO., LTD. A P Møller Mærsk A/S : Maersk to lay off 2,000 in business shake-up, lifts outlook on improving demand, Chief Information Officer & Vice President. My guess is that some will, while others will stick to guns.”\--Lee Klaskow of Bloomberg IntelligenceFew places illustrate how the container shipping industry is running at full steam right now better than the two ports in the Los Angeles area, the biggest gateway for Asian exporters into the world’s largest economy.The Port of Long Beach, which handled a record 2.3 million containers in the third quarter, recently designated idle acreage for overflow storage to avoid bottlenecks between ships, trains and trucks. And they may stay elevated until mid-February.“You typically see a softening in ocean freight after Golden Week, which is happening a little bit, but we don’t expect it to go very far down,” Manders said. By using this site you agree to the Next financial report is out the 20th of February. Get today's AP Moeller - Maersk A/S B stock price and latest MAERSKb news as well as Moller Maersk B real-time stock quotes, technical analysis, full financials and more. A.P. Something went wrong while loading Watchlist. “This also means it is realistically not possible to predict what this will mean for 2021.”Some companies are enjoying the windfall for now, though Maersk stopped short of looking much past 2020 when it boosted its earnings guidance earlier this month. © 2020 Verizon Media. When the economy is growing again, will carriers chase that growth with capacity? Moller-Maersk, Container shortage delays shipments of Brazil's record coffee crop, Jefferies belässt Moller-Maersk auf 'Buy' - Ziel 13500 Kronen.
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