Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Stronger-than-expected demand and continuing disruption from the Red Sea crisis produced a better-than-expected return for ...
The management team of AP Møller-Maersk Group (APPM) has had a very busy week, but interim results were just a nuisance – its third-quarter update was aways meant to be a non-event – because the real action was taking place elsewhere.
Deal(s)
APMM sources told me that the ocean carrier’s M&A managers and financial advisors were in the US earlier this week, seriously talking M&A stuff: the target is STG Logistics, formerly St George.
“So, they are buying warehouse space,” one outsider told ...
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