Analysis: short-term pain for long-term gain at APM Terminals, while Damco shines

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Let me make my position clear from the start: I believe that the way Maersk is underestimating certain risks, while overstating its achievement, is near-sensational. While its latest trading update could sound reassuring to the bulls, for me it didn’t change the complexity of a corporate situation that remains critical.

Our team was on the call that followed its trading update last week, and was favourably impressed by the enhanced performance of the Danish group – it could have been much ...