So long then, Polar Air Cargo, and thanks for all the theatrics
An uncontrollable carrier?
News this week that Hapag-Lloyd, at one point, was worth some $10bn more than the entirety of AP Møller-Maersk, has cast some doubt over the veracity of stock prices.
Just a day later, Atlas Air’s share price fell some 15% – in fact, this week it has dropped 20% in all.
The fall was said to be down to a bearish note from Wolfe Research. The Motely Fool noted: “Shipping companies were under pressure from investors coming into 2020 because of concerns ...
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