Comment / Forwarders' jubilee – the flip side of Mærsk's new 'bullish' guidance?

ID 311439038 © Si Le | Dreamstime.com

Playing cat and mouse didn’t help AP Møller-Mærsk (APMM) release any sustainable value during Covid times under the stewardship of Søren Skou.

As the pandemic raged, between 2021 and 2022 the Danes keenly disclosed a brand new earnings guidance range every time the wind blew.

Stronger update followed stronger update, on multiple occasions, and strength in the quarterly financials did last just long enough for the usual question to emerge*: how many billions of profiteering next?

(*Unfairly, at times.)

Now comes Vincent Clerc’s De ...