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 ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £13.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.