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By Mike Wackett
The APM Terminals and Damco units in the Transport & Logistics division of Maersk Group slid into the red and lost ground to the competition in the first half of the financial year.
In Q2, APMT reported a loss of $100m, compared with a $112m profit in 2016, hit by an impairment cost of $250m, loss of liner services at its terminals and “rate pressure due to liner consolidation”.
Turnover for the terminal operator fell to $989m in the quarter, despite a 4.3% increase in throughput to ...
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