Gemini's hub-and-spoke strategy will 'fuel demand for feeder vessels'
Non-operating feeder containership owner MPC Containerships (MPCC) said this week it was “looking forward” to ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
The context of this story is the ongoing consolidation of Maersk’s container supply chain operations – it’s not a shipping line and port operator anymore. No, it’s a “mobile inventory management firm, one executive quipped in private recently. The $1.17bn tanker sale proceeds will go into paying down Maersk’s debt, while ownership of the tanker unit will not actually change that much – it is being bought by AP Møller Holdings, which remains the largest shareholder of Maersk Group. In turn, AP Møller Holdings is set to create tanker joint-venture with Japanese chipping conglomerate Mitsui.
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