AP Møller-Maersk – fully equipped to burn $250m monthly
Worst case?!? Let’s hope so
Quietly, on a mid-summer morning, the management of AP Møller-Mærsk (APMM) talked up the half-year results as it prepared to tackle its biggest challenge: protecting the group’s underlying adjusted profits and cash balances from exogenous shocks and other key challenges, including the upcoming 0.5% sulphur cap from January 2020. APMM says it’s ready, of course.
Its core container shipping unit and chief revenue-driver, Maersk Line, would start buying more expensive fuel towards “the end of Q3 and in Q4, impacting working ...
The shape of Asia-Europe shipping capacity as the new alliances bed in
DSV agenda reveals it's eyeing more M&A – and pay rises for directors
'Clear winners and losers' as global supply chains are rebalanced
Congestion at Vancouver worsens – but it's not all the port's fault
Rough seas drive powerless MSC box ship aground on Canadian coast
Ocean carriers hold contract rates 'at a decent level', as spots tumble
US DoJ charges aerospace firm with smuggling aircraft parts to Russia
Carriers should 'share some of the risk', say shippers eyeing new contracts
Comment on this article