Maersk Slides as Upgraded Guidance Is Lower Than Anticipated
AP Moller-Maersk A/S shares slumped after a guidance upgrade and third-quarter earnings from the world’s second-largest shipping line fell short of analyst estimates.
If you’re in Bremerhaven, Germany and were expecting a container shipment from Port Said on board the Gerd Maersk, it’s going to be delayed…
The 6,600 TEU containership Gerd Maersk is currently experiencing engine troubles off the northwestern coast of Spain Portugal in about 1000 feet of water. Danish newspaper Maritime Denmark received the word from A.P. Moller – Maersk press officer, Michael StorgaardÃ¥rd:
“We expect to Gerd Maersk will be ready to proceed over the next 24 hours.”
Given the distance from shore, Maersk Line stresses that the ship is currently in no danger, however reports indicate the Wijsmuller Salvage-tug “Rotterdam” (Station Falmouth) will arrive on scene soon, while a Spanish AHTS remains on standby.
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