Mærsk et al: so much silver lining you can barely see the clouds
Between April showers and spring sunshine
Last week I compared the business of owning ships to being a bull in a bullfight. Since then, we have seen one of those rare occasions when the bull emerges from the bloodstained arena victorious – although it was put down afterwards.
The analogy stuck as I turned my attention to Israel’s ZIM Integrated Shipping Services, and the question of whether it is more likely to be sold to a major container shipping line than to be listed on the stock exchange ...
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