|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||2,243.85 - 2,377.75|
|52 Week Range||1,731.00 - 3,600.00|
|Beta (5Y Monthly)||1.56|
|PE Ratio (TTM)||15.47|
|Forward Dividend & Yield||372.73 (17.90%)|
|Ex-Dividend Date||Mar 16, 2022|
|1y Target Est||N/A|
(Bloomberg) -- The US is beginning to detain imports of aluminum products suspected of being made through forced labor, particularly from China’s Xinjiang region, according to one of the world’s biggest shipping firms.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonHong Kong to Give A
Denmark's Maersk and Swiss-based MSC, the world's largest container shipping companies, said on Wednesday they had agreed to end a vessel sharing alliance in January 2025, allowing them to pursue individual strategies. More recently, MSC responded to rising shipping rates caused by pandemic-related delays and bottlenecks by increasing the size of its fleet, while Maersk has kept its fleet size mostly steady. "Today, we have a much different strategy, where we more look at how to integrate container shipping at sea with our land-based logistics business," Maersk's head of ocean shipping Johan Sigsgaard told Reuters in an interview.
COPENHAGEN (Reuters) -A.P. Moller-Maersk said on Monday it had appointed company veteran Vincent Clerc as its new chief executive to lead the shipping giant through a period of slowing container demand. Clerc, 50, will take over from Soren Skou on Jan. 1 at a time of rapid growth for Maersk as it seeks to develop its land-based logistics business while seeing freight rates in its core container shipping business plummet as a global recession looms. "The strong tail winds that benefited the supply chain industries during the pandemic are coming to an end," Maersk Chairman Robert Maersk Uggla told a press conference at the company's headquarters in Copenhagen.