Colombo capacity crunch adding to container line woes
Container lines are facing severe capacity problems at Sri Lanka’s Colombo port, as they reshuffle ...
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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