Comment / Mærsk contra mundum

APMM

ID 102901101 © Piotr Adamowicz | Dreamstime.com

By Alessandro Pasetti

04/07/2023

Breaking news that AP Møller-Mærsk (APMM) unleashed a ‘shock and awe’ rate hike on the Asia-North Europe trade came out of the blue yesterday, 3 July.

Disconcerting?

Just a bit, excusez-moi.

Counterintuitively, however, it makes a lot of sense to try and lead the container shipping market with a pricing strategy in places, aimed at protecting a sinking bottom line. And banking on peak season, whatever peak season we may end up enjoying this year, is the best the Danish powerhouse can possibly ...

Comment on this article

You must be logged in to post a comment.

Topics

AP Moller - Maersk On the wires Vertical consolidation

Most read news

Keep our news independent, by supporting The Loadstar

Four crew members still missing as Wan Hai 503 continues to burn

Explosions and 'out-of-control' fire reported on Wan Hai box ship

Carrier price hikes hold, driving spot rates higher as space gets scarcer

Predatory rivals circle as the ripples from DSV's Schenker buy widen

MSC Elsa crew face criminal probe, as Wan Hai 503 firefighters battle on

'It's driving us mad', say forwarders as US court fails to end tariff turmoil

Transpacific rates ease as capacity boost proves too much for trades to digest

European port congestion easing – for now

Turkish Airlines falls foul of air safety regulations, claims India's aviation authority

CMA CGM 'testing the water' of the Suez Canal for more services

Flexport: Sanne Manders talks profitability, fire-sales and Dave Clark

DSV insiders hit back at Kuehne & DHL GF – got a 'pro integration' going

Does size really matter on the merry-go-round that is forwarding?

Air rates and volumes still volatile – but carriers stay bullish

Intra-Asia carriers ramp up capacity with newbuild orders as demand holds