World's Largest Shipping Company Collapses As Trade War Reality Strikes [zero hedge]
Orange (ORAN)
US:NYSE Investor Relations:
orange.com/en/investors/results-and-presentation
Company Research
Source: zero hedge
While US equity markets (well a few mega-cap tech stocks anyway), the world's largest shipping company is seeing its stock eviscerated as investor anxiety over trade wars finds an outlet that makes rational sense.A.P. Moeller-Maersk A/S may struggle to make a profit this year after the U.S. and China descended into a trade war that is already showing stress in sentiment surveys...As Bloomberg reports, Maersk, which is based in Copenhagen, has already lost almost a third of its market value this year as investors gird for more bad news... and it is losing value in line with the collapse in the US Treasury yield curve.Trade protectionism means less demand, and history suggests the shipping industry will struggle to make the necessary supply cuts. What’s more, Maersk is now more exposed to shipping as the former conglomerate divests its energy business.Per Hansen, an investment economist at Nordnet in Copenhagen, says Maersk is currently “in the eye of the hurricane” when it comes to the
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