With billions to burn, shipping lines fear nothing in H2 25
‘In the name of share’
The excerpt below was this week’s soft headline story, or so I thought, until the end of the weekend for AP Møller-Mærsk (APMM). Then Monday came and all hell broke loose.
“Around 100 jobs will be lost at Hamburg Süd (…) in Hamburg, at the headquarters of the German subsidiary of Maersk,” Nieuwsblad Transport wrote on Friday. At the height of the most recent wave of consolidation in container shipping, the target was bought by APMM for almost €4bn in early 2017, ...
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