Maersk Shares Experience Significant Surge

In an impressive turn of events, AP Moller-Maersk's shares surged over 10% after the release of their fourth-quarter earnings report, which exceeded market expectations. The Danish shipping behemoth reported an EBITDA of $3.6 billion for the quarter, surpassing the anticipated $3 billion. This remarkable achievement has not only bolstered investor confidence but also highlighted the company's resilience and strategic prowess in navigating the complex global shipping industry.

Annual Performance Highlights

Maersk's full-year EBITDA witnessed a substantial 26% increase, reaching $12.13 billion. This growth is a testament to the company's effective management and operational efficiency, even amidst fluctuating market conditions. The intraday high of Maersk's shares at 11:03 am CET, selling at 11,862, further underscores the positive market reception to Maersk's financial health and future prospects.