Indian coastal freight attracts major carriers, but regional tension disrupts
India’s growing coastal freight demand looks like the next target for foreign container lines amid ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
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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