BRIEF-Middle East War Has Had Huge Impact On Maersk's Energy Costs, CEO Says

- AP Moeller - Maersk A/S MAERSKb.CO:

  • MAERSK CEO: THE WAR IN THE MIDDLE EAST HAS HAD A HUGE IMPACT ON OUR ENERGY COSTS

  • MAERSK CEO: WE DON'T EXPECT THE WAR IN THE MIDDLE EAST TO HAVE MATERIAL IMPACT ON OUR FINANCIAL RESULTS

  • MAERSK CEO: THE LARGE PART OF OUR HIGHER COSTS DUE TO RISING BUNKER FUEL PRICES WILL BE COVERED BY OUR CUSTOMERS

  • MAERSK CEO: IF THE SITUATION IN HORMUZ BECOMES MORE PEACEFUL WE WILL ASSESS WHETHER WE CAN START TO SAIL THROUGH THE RED SEA AGAIN

  • MAERSK CEO: I DON'T EXPECT MORE VESSELS TO BE ESCORTED BY THE U.S. THROUGH THE STRAIT OF HORMUZ IN COMING WEEKS

  • MAERSK CEO: I THINK WE ARE CLOSER TO AN OPENING OF SUEZ AND A NORMALIZATION

  • MAERSK CEO: THE OIL SUPPLY CHAIN IS DEEPLY DISRUPTED BUT THE TRADE WE DO IS LESS IMPACTED

Further company coverage: [MAERSKb.CO]