Maersk idles more ships while NOOs see a rebound in demand
Maersk is leading the way in laying-up surplus tonnage while demand remains weak across the ...
Reaction in the financial markets said it all when AP Møller-Maersk Group (APMM) and Hapag-Lloyd reported their quarterly figures on 7 and 14 November respectively.
APMM stock fell 7% in just one trading session, while Hapag shares soared over 10% at one point soon after its trading update was published. But that rally was short-lived and the hefty paper gains were swiftly pared in less than 24 hours.
Volatility in their share prices is not just a nuisance for the trade. It ...
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