Gemini carriers cut back port calls on challenging southern India trade
Southern India’s ocean trade continues to be a challenging market for both Maersk and Hapag-Lloyd, ...
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The extraordinary shake-up of the shipping industry continues as it emerged yesterday that, following recent share price movements in European bourses, Hapag-Lloyd was recently worth as much as $10bn more than the entire AP Møller-Maersk group.
Another way of putting it is that the market cap of Hapag-Lloyd is currently equal to AP Møller-Maersk and Zim combined.
From the close of Friday’s trading to midday yesterday, the spread in respective market capitalisations has widened from about $4.5bn to as much as almost $10bn – ...
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