Mærsk Line shoots to the bottom of earnings/teu league
Carriers’ unit earnings tell the story
… confirms what we have already figured out with all its larger rivals: quarterly net profit is in line with 2020 annual net income (check out the following table).
Meanwhile, similar considerations apply to ebit as revenues doubled thanks to freight rates doubling, while on the face of it the 47% adjusted ebitda margin was breath-taking.
Depreciation nearly doubled from a low comparable reading of $67m in Q1 20 (why that happened? Read on…), but $821m of ebitda conversion into core operating cash ...
Atlantic and Gulf coast US ports close as ILA rejects last-minute offer
Box lines declare force majeure as White House defends ILA
Talks rumoured to be underway after USMX urged ILA back to the table
ILA blames 'profiteering' foreign-shipping lines for US port strike
Strike disruption begins: 'a frenzy' to come with extra demand for airfreight
Shippers scrambling for alternatives as box lines divert from closed ports
Airlines scramble to avoid Middle East airspace as missiles fly
Port strike will see 60 more ships at anchor this week and rates rising
Comment on this article
Chanoch Winnykamien
June 03, 2021 at 12:01 amI remembered your skeptical article about the new CEO when he took over the company after serving in the navy as a commander.
He literally saved ZIM.