OceanX: Lame ducks everywhere – tougher times call for greater confidence
…and bolt-on M&A bonanza
ID 212837187
© Tetiana Vychegzhanina
| Dreamstime.com
By Ruben Huber
Mærsk reported great profits last week (8th best quarter in history), everybody happy?
Let’s look at the hairs in the soup first – quarterly volumes on the liner side were up +0.3% only (Q3 investor pack: here), in a world where Mærsk themselves forecast market volume growth for the year at +6% and CTS actual benchmark for the market in Q3 was +5.6%.
With Mærsk’s capacity growing by +4.7% during the quarter it was certainly not the ...
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