Gemini and logistics growth now the focus as APMM posts healthy profits
Strong freight rates and resilient container shipping volumes for most of last year delivered healthy ...
By Mike Wackett
Ocean carriers are set to smash all previous earnings records in the first quarter, and are on course for colossal full-year profits of $300bn – but growth predictions are being pared back, due to weaker demand.
Indeed, despite the booming carrier market, according to maritime consultant Drewry there is an increase in downside risks that could threaten the earnings of the container lines from the second half.
In a trading update today, ahead of its first-quarter results publication on 4 May, Maersk ...
Comment on this article
Brian Sweet
April 26, 2022 at 5:06 pmSo not inflation driving higher prices?
Deborah Newton-Cook
April 26, 2022 at 5:54 pmAbout time these extraordinary profits were taxed by Goverments: consumers are suffering in Europe, with high energy prices and inflation.