{"id":35970,"date":"2018-07-15T19:34:41","date_gmt":"2018-07-16T00:34:41","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35970"},"modified":"2018-07-15T19:34:41","modified_gmt":"2018-07-16T00:34:41","slug":"worlds-largest-shipping-company-collapses-as-trade-war-reality-strikes","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35970","title":{"rendered":"World&#8217;s Largest Shipping Company Collapses As Trade War Reality Strikes"},"content":{"rendered":"<div id=\"block-zerohedge-page-title\" class=\"block block-core block-page-title-block\">\n<h3 class=\"page-title\"><a href=\"https:\/\/www.zerohedge.com\/news\/2018-07-13\/worlds-largest-shipping-company-collapses-trade-war-reality-strikes\"><span class=\"field field--name-title field--type-string field--label-hidden\">World&#8217;s Largest Shipping Company Collapses As Trade War Reality Strikes<\/span><\/a><\/h3>\n<\/div>\n<div id=\"block-zerohedge-content\" class=\"block block-system block-system-main-block\">\n<article class=\"node node--type-article node--view-mode-full\" role=\"article\" data-gtm-vis-recent-on-screen-2077925_22=\"1296\" data-gtm-vis-first-on-screen-2077925_22=\"1296\" data-gtm-vis-total-visible-time-2077925_22=\"100\" data-gtm-vis-has-fired-2077925_22=\"1\">\n<footer class=\"node__meta\">\n<div class=\"submission-wrapper\"><\/div>\n<\/footer>\n<div class=\"node__content\">\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>While US equity markets (well a few mega-cap tech stocks anyway) have remained resilient in the context of rising protectionist fears, the<strong>world&#8217;s largest shipping company is seeing its stock eviscerated <\/strong>as investor anxiety over trade wars finds an outlet that makes rational sense.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/shutterstock_659963089-800x534.jpg?itok=9hzSNB7k\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/shutterstock_659963089-800x534.jpg?itok=9hzSNB7k\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/shutterstock_659963089-800x534.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/shutterstock_659963089-800x534.jpg?itok=9hzSNB7k 1x\" alt=\"\" width=\"500\" height=\"334\" data-entity-type=\"file\" data-entity-uuid=\"05081d4f-cb4c-4065-8b6a-68490fa5242e\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p><strong>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<\/strong> that is already showing stress in sentiment surveys.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-07-05_9-12-48_0.jpg\" data-image-external-href=\"\" data-image-href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-07-05_9-12-48_0.jpg\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-07-05_9-12-48_0.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-07-05_9-12-48_0.jpg?itok=CLdQ9cSL 1x\" alt=\"\" width=\"500\" height=\"283\" data-entity-type=\"file\" data-entity-uuid=\"4707c635-63a2-4152-b519-60ceec38e0e9\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-07-11\/maersk-faces-more-pain-as-china-tariffs-add-to-difficult-outlook\">As Bloomberg reports,<\/a> 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.<\/p>\n<p><a href=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-07-13_6-01-52.jpg?itok=ISub4Mta\" data-image-external-href=\"\" data-image-href=\"\/sites\/default\/files\/inline-images\/2018-07-13_6-01-52.jpg?itok=ISub4Mta\" data-link-option=\"0\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/2018-07-13_6-01-52.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/2018-07-13_6-01-52.jpg?itok=ISub4Mta 1x\" alt=\"\" width=\"500\" height=\"261\" data-entity-type=\"file\" data-entity-uuid=\"786f0e0e-3982-4825-bcbb-a07e34972149\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>Trade protectionism means less demand, and history suggests the shipping industry will struggle to make the necessary supply cuts. What\u2019s more, Maersk is now more exposed to shipping as the former conglomerate divests its energy business.<\/p>\n<blockquote><p>Per Hansen, an investment economist at Nordnet in Copenhagen, says <strong>Maersk is currently \u201cin the eye of the hurricane\u201d when it comes to the damage that will be inflicted by a trade war<\/strong>.<\/p><\/blockquote>\n<p>The company said earlier in the week it will need to temporarily scale back its service between Asia and North Europe as a result.<\/p>\n<blockquote><p><strong><em>\u201cIt\u2019s highly likely that Maersk\u2019s valuations could sink to its trough valuations in the coming months as investors avoid shipping stocks until more excess capacity is being removed,\u201d<\/em><\/strong> said Corrine Png, chief executive officer and founder of Crucial Perspective, a Singapore-based research provider focusing on transport.<\/p><\/blockquote>\n<p>So just keep buying Amazon and Netflix, oh and for good measure, keep buying bonds.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>World&#8217;s Largest Shipping Company Collapses As Trade War Reality Strikes While US equity markets (well a few mega-cap tech stocks anyway) have remained resilient in the context of rising protectionist fears, theworld&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5],"tags":[20897,130,4856,805,4311,827,4318],"class_list":["post-35970","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","tag-a-p-moeller-maersk","tag-china","tag-shipping","tag-trade","tag-trade-wars","tag-united-states","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35970"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35970\/revisions"}],"predecessor-version":[{"id":35971,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35970\/revisions\/35971"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}