Mærsk Line shoots to the bottom of earnings/teu league
Carriers’ unit earnings tell the story
It’s analysis time for a $33.5bn-market-cap beast trying to find its inner strength in this downturn.
Denmark’s AP Møller-Mærsk (APMM) released today interim consolidated group numbers that were stronger than expected at operating income level* but was its Q1 23 free cash flow (FcF) leaving all of you bears speechless?
(*Pheewww… ergo: +$400m vs quarterly estimates I sighted, hitting $2.3bn Ebit for the first quarter of the year.)
Make no mistake: there are good and bad things to observe in the figures for what is ...
Atlantic and Gulf coast US ports close as ILA rejects last-minute offer
Box lines declare force majeure as White House defends ILA
Talks rumoured to be underway after USMX urged ILA back to the table
ILA blames 'profiteering' foreign-shipping lines for US port strike
Strike disruption begins: 'a frenzy' to come with extra demand for airfreight
Shippers scrambling for alternatives as box lines divert from closed ports
Airlines scramble to avoid Middle East airspace as missiles fly
Port strike will see 60 more ships at anchor this week and rates rising
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