Box lines – billions ready to burn in market share fights
…rather than M&A
The Olympic challenge
Buying time is a luxury Denmark’s AP Møller-Mærsk (APMM) can certainly afford.
That’s the key takeaway from the Q2 24 interims released today by the Danish carrier.
Another?
It would be very surprising for me if APMM CEO, Vincent Clerc, is still warming his seat in a year’s time.
Now
A quick look to group/division figures points to softer-than-expected group Ebitda driven by a core Ocean unit that didn’t fare as strongly as the equity analysts thought it would at revenue/Ebitda level*.
(*Not even with sky-rocketing ...
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