Peak season hopes dashed as freight rates slip again
The prospect of a traditional peak season is slipping away with each week that passes ...
Maersk investors have raised concerns over the rate of progress in reshaping the business. The claims come in a Reuters story in which the chairwoman of the AP Møller Foundation – which holds a controlling stake in the company – Ane Maersk McKinney, describes the company as a “supertanker” that takes a long time to turn. Describing the past 12 months as “tough”, she declines to set a date for the turnaround’s completion, but notes there have been “many good things” done in the process. Even so, shares in the world’s largest container carrier dropped some 7%, compared with last year, with Danish pension fund ATP particularly critical of the strategy, claiming it lacks “indicators”.
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