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    MAERSK B   DK0010244508


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A P Møller Mærsk A/S : Maersk suspends five crew members as it investigates alleged sexual assault

10/12/2021 | 01:17pm EST
FILE PHOTO: Container ships in Suez Canal

COPENHAGEN (Reuters - The world's largest shipping firm A.P. Moller-Maersk has suspended five employees as part of an investigation into an alleged sexual assault on one of its ships run by a U.S. subsidiary, and said it was working closely with American authorities.

"We do everything we can to ensure that all of our workplace environments, including vessels, are a safe and welcoming workplace and we've launched a top to bottom investigation," said chief executive officer Bill Woodhour of Maersk Line, Limited in an emailed statement.

Maersk Line, Limited (MLL) is a U.S.-based subsidiary of the A.P. Moller-Maersk group working with the U.S. government to support military, government and humanitarian missions, it said on its webpage.

As part of the investigation, five crew members have been suspended pending the outcome of the investigation, MLL said in the statement.

The firm said it was working with labour unions, the U.S. Merchant Marine Academy (USMMA) in Kings Point, the U.S. Maritime Administration, the U.S. Department of Transportation and the U.S. Coast Guard.

"We write today to express our unwavering support for the individual who has shared her story of a sexual assault that took place during Sea Year," said Polly Trottenberg, Deputy Secretary at the U.S. Department of Transportation, and Lucinda Lessley, Acting Administrator of the Maritime Administration, in a letter to the Kings Point community dated Oct. 2.

"Sea Year" is a programme run by the academy where cadets gain expertise on ships, and Maersk Line, Limited participates in this programme, where it has trained 732 cadets since 2017.

A spokesperson with the U.S. Department of Transportation's Maritime Administration (MARAD), said it was aware of the alleged incident, adding that the U.S. Merchant Marine Academy (USMMA) Superintendent had referred it to the Coast Guard Investigative Service on Sept. 28.

"We have zero tolerance for sexual assault and sexual harassment at USMMA and in the maritime industry," the spokesperson said.

"As we determine the appropriate steps required to increase and ensure the safety of USMMA students, we pledge to listen to and work closely with the entire USMMA community including students, parents and alumni."

(Reporting by Stine Jacobsen in Copenhagen, Jonathan Saul in London and Daniel Trotta in Carlsbad, California; Editing by Mike Collett-White)

© Reuters 2021
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Financials (USD)
Sales 2021 60 360 M - -
Net income 2021 17 435 M - -
Net cash 2021 1 811 M - -
P/E ratio 2021 3,26x
Yield 2021 12,6%
Capitalization 54 292 M 54 186 M -
EV / Sales 2021 0,87x
EV / Sales 2022 0,79x
Nbr of Employees 83 624
Free-Float 42,2%
Duration : Period :
A.P. Møller - Mærsk A/S Technical Analysis Chart | MAERSK B | DK0010244508 | MarketScreener
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 2 984,96 $
Average target price 3 528,70 $
Spread / Average Target 18,2%
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Managers and Directors
Søren Skou Chief Executive & Operating Officer
Patrick Jany Chief Financial Officer & Executive Vice President
Jim Hagemann Snabe Chairman
Navneet Kapoor EVP, Chief Technology & Information Officer
Sven Arne Karlsson Independent Director