It all started quietly last month soon after Germany’s DB Schenker targeted the clients of Damco, the neglected freight forwarder owned by Denmark’s AP Møller-Mærsk (APMM).

(The latest related background is exhilarating, but that’s for another time. Read on.)


No matter what the spin for “read-across” purposes, the entertaining idea immediately thrown at me was that, to paraphrase consensus, in Hedehusene, DSV Panalpina (DSV PAN) wasn’t particularly pleased with the way things were going some 25 miles east in Esplanaden, where APMM is based.

Now, ...

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