CMA CGM launches campaign to take control of Santos Brasil terminals
CMA CGM has embarked on a quest to acquire Brazil’s largest port terminal operator Santos ...
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
As banks exit the depressed shipping market, there is increased pressure on container lines to consolidate. The biggest carriers are able to get better economies of scale and this is having a direct effect on profitability – in the last quarter, Maersk earned, before interest and tax, just under $130 per box it carried; most other carriers achieved just half of that. But if M&A activity fails to pick up and banks continue to reduce access to debt, carriers may resort to going to the stock markets in search of fresh funds.
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