You probably remember the nice little chart below posted by Alphaliner last week, where the research house pointed out that Germany’s Hapag-Lloyd was worth as much as several of the world’s ocean container shipping companies combined.

Throw it away.

Oh dear

As I told somebody on the day that weekly chart was published, Hapag had already lost about €6bn of value.

Believe it or not, its stock – at one point earlier this month trading at a premium of over 50% against market leader ...

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