This Domain is for Sale. To make an offer please get contact.
Make an Offer
  • Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result
No Result
View All Result
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result

Maersk Keeps Costs Down with Uncertain Outlook

marinesalvage by marinesalvage
December 5, 2021
in News
0
maersk containership new york
maersk containership new york

Maersk Keeps Costs Down with Uncertain Outlook

Reuters

Total Views: 3

November 15, 2019

Share this post

REUTERS/Brendan McDermid/File Photo

reuters logo

By Jacob Gronholt-Pedersen and also Stine Jacobsen COPENHAGEN, Nov 15 (Reuters)– A.P. Moller-Maersk claimed on Friday leads for a pick-up popular for seaborne container web traffic were shadowed by an unsure financial overview yet the delivery team’s concentrate on driving down expenses assisted its shares greater.

The globe’s largest container delivery company claimed international container need was anticipated to expand by 1% -3% following year compared to 1% -2% in 2019.

But it claimed that “the continued weakening of global sentiment, above all in the manufacturing sector, reduces the likelihood of a growth pick-up in 2020.”

Despite headwinds from the united state-China profession battle, Maersk shares obtained an increase last month after the business increased its assumptions for 2019 earnings.

Its shares increased a better 2% at an early stage Friday after complete outcomes for the July to September duration revealed it got on track to boost its earnings margin regardless of somewhat reduced profits.

The surge in earnings has actually been driven by capability administration and also expense controls, with device expenses, or the expense of relocating a container mixed-up, down 3% in the 3rd quarter.

“We will continue our focus on profitability and free cash flow in the fourth quarter and into 2020,” Chief Executive Soren Skou claimed in a declaration.

Maersk has in numerous quarters had a hard time to maintain expenses in control due to reduced products prices, climbing gas rates and also a downturn in container delivery.

“It is nice to get the strong cost control confirmed, especially at a time where the expectations for future growth is diminishing and there is great uncertainty about the impact from new low-sulphur fuel requirements,” claimed Sydbank expert Mikkel Emil Jensen.

Under brand-new regulations from January, ship proprietors have to make use of gas with a reduced sulphur web content or fit vessels with tools that decreases exhausts.

As Maersk moves its emphasis from market share to reducing expenses, it claimed it anticipated underlying development in its sea service to be somewhat lower this year than typical market development.

Skou has actually supervised a significant modification in Maersk’s method because 2016, which has actually consisted of marketing its oil and also gas service and also focussing on its container and also logistics service for clients consisting of Walmart and also Nike.

Sydbank’s Jensen, that has a ‘hold’ ranking on Maersk, claimed development in the business’s non-ocean service was likewise guaranteeing.

German opponent Hapag-Lloyd claimed on Thursday its incomes prior to passion and also tax obligations had actually greater than increased in the very first 9 months of the year, pointing out much better efficiency in quantities and also products earnings. (Reporting by Jacob Gronholt-Pedersen and also Stine Jacobsen; Editing by Mark Potter and also Edmund Blair)

( c) Copyright Thomson Reuters 2019.

Source of This New

Tags: containershipsmaersk
Previous Post

Italy’s Saipem to Consider Combining With Rival Subsea 7

Next Post

Containership Deal Brings Seaspan’s Fleet Close to One Million TEU

Related Posts

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

July 13, 2024
capesize bulk carrier terminal iron ore dry bulk
News

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter
News

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV
News

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites
News

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
odfjell
News

Odfjell Announces Layoffs, Reduction of European Officers

July 12, 2024
Next Post
container shipping

Containership Deal Brings Seaspan's Fleet Close to One Million TEU

Quick Search

No Result
View All Result

Recent Posts

  • Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located July 13, 2024
  • Capesize Rates at Six-Year Lows, Could Slide Further July 13, 2024
  • Cold Morning on the Chesapeake July 13, 2024
  • Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV July 13, 2024
  • Eco Marine Power and Nakashima Propeller Cooperate on Composites July 12, 2024

Categories

  • Informative
  • Law & Regulations
  • News
  • Technology
  • Tug&Barge&Salvage
Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

by marinesalvage
July 13, 2024
0

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located By Fathiya Dahrul and Rieka Rahadiana (Bloomberg) — Divers...

Read more
capesize bulk carrier terminal iron ore dry bulk

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
Maritime and Salvage Wolrd News - Latest Ship Technologies

© 2023 - Marine-Salvage.net

Navigate Site

  • Home Page
  • Privacy Policy
  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage

© 2023 - Marine-Salvage.net

Manage Cookie Consent
We use cookies to optimize our website and our service.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}