Vincent Clercq
CEO
Replay available
A.P Moller - Maersk A/S (AMKBY) Q1 2026 Earnings Call
A.P Moller - Maersk A/S (OTC: AMKBY) Q1 2026 earnings conference call, held 2026-05-07. Replay captured from the company's public earnings webcast.
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Replay transcript excerpt
WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a0425d-44e1-7552-913d-938df33a1d65 Created: 2026-08-27T08:36:50.976Z Duration: 3670.824 Channels: 1 00:00:00.000 -- 00:00:02.480 Welcome, everyone, and thank you for joining us 00:00:02.480 -- 00:00:04.400 on this earnings call today as we present 00:00:04.400 -- 00:00:06.879 our first quarter results for 2026. 00:00:06.879 -- 00:00:08.400 My name is Vincent Clerk. I'm the CEO 00:00:08.400 -- 00:00:10.160 of A. P. Moller Maersk. And I would 00:00:10.160 -- 00:00:12.559 like to introduce our new CFO, Robert Ernie, 00:00:12.559 -- 00:00:13.599 who is joining me 00:00:13.840 -- 00:00:15.280 here in the room for the first time. 00:00:16.135 -- 00:00:17.975 Many of you will no doubt have the 00:00:17.975 -- 00:00:20.455 opportunity to meet Robert on the upcoming road 00:00:20.455 -- 00:00:22.134 shows and conferences. 00:00:23.735 -- 00:00:26.615 Let me start with the overall highlights for 00:00:26.615 -- 00:00:29.335 the quarter. At the macro level, we continue 00:00:29.335 -- 00:00:32.189 to see strong demand growth across all of 00:00:32.189 -- 00:00:33.149 our segments 00:00:33.870 -- 00:00:36.190 and most regions. The big exceptions was North 00:00:36.190 -- 00:00:36.910 America, 00:00:37.149 -- 00:00:39.149 which has remained weak since the start of 00:00:39.149 -- 00:00:41.550 the trade tensions about a year ago. 00:00:42.430 -- 00:00:45.995 This resilient level of demand is easily observable 00:00:45.995 -- 00:00:48.234 in our own number, but it wasn't enough 00:00:48.234 -- 00:00:50.315 to stabilize the ocean freight rates. 00:00:50.555 -- 00:00:52.155 The supply overhang 00:00:52.155 -- 00:00:53.675 there has worsened 00:00:53.754 -- 00:00:57.274 as the many new vessels delivered throughout 2025 00:00...