Streetbeat News

KHNGY

Kuhne & Nagel International AG

https://www.kn-portal.com/

CEO

Detlef Trefzger

Industry

Deep Sea Freight Transportation

Open

47.04

Mkt cap

28B

Volume

694

High

47.07

P/E Ratio

21.50

52-wk high

70.74

Low

46.85

Div yield

0.05

52-wk low

45.85

Houthi rebel attacks in the Red Sea have led to approximately half of the container-ship fleet rerouting to avoid the area, impacting 18% of global shipping capacity. This has resulted in increased travel time and operational costs, potentially inflating consumer prices. U.S.-led efforts are underway to enhance security. Kuehne & Nagel International AG's stock (KHNGY) has risen 20%, while A.P. Moeller-Maersk (AMKBY), Hapag-Lloyd (HLAGF), Matson Inc. (MATX), Global Ship Lease Inc. (GSL), and the SonicShares Global Shipping ETF (BOAT) have also seen significant share price increases.

Portfolio Pulse from Piero Cingari

December 28, 2023 | 6:07 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.