MSC ship first in line for delays with Montreal dockers set for Sunday strike
Strike action is set to resume at Canada’s largest container gateway, Montreal, after the Maritime ...
Geneva-based MSC chief executive Søren Toft (pictured below) must be rubbing his hands with glee.
In charge
With Mærsk, Toft’s previous employer, likely ending 2022 with a cash pile of at least $30bn* and smaller rival Hapag-Lloyd holding over, as disclosed yesterday, $10bn in cash and cash equivalents, the balance sheet of both totally unlevered – it’s certainly conceivable, with a fair margin of error, that MSC currently boasts minimum firepower of $25bn, base case.
(*As clearly emerged in a call with analysts ...
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