'Forwarders hope DSV will win DB Schenker'
They say…
The preliminary Q2 21 figures released at 7.59pm CET on Monday by AP Møller-Mærsk (APMM) bring bittersweet memories of coverage by Premium in late May, when we outlined a mildly bullish scenario – now overly conservative, it seems – according to which a 2023 ebitda of $18.1bn was implied, for a 30% margin on ~$60bn of revenues.
That, on a net present value basis, pointed to a near-50% upside from trading levels of about Dkr17,000 a share some 10 weeks ago.
Now
While ...
Foreign airlines react to sudden new US rule tightening air cargo security
'Forwarders hope DSV will win DB Schenker'
Container manufacturers tell customers they are ‘sold out’ until mid-October
Transpacific rates war breaks out as new arrivals undercut major liners
Threat of more strikes at German ports as workers reject 'inadequate' offer
Bust-to-boom-to-bust: the cyclicality of air cargo growth patterns
Strike at major Indian ports called off, but supply chain challenges remain
Transhipment boom at port of Colombo fades as the competition grows
Comment on this article