Market insight: Toft's quick exit from APMM – it was 'the hardest decision in my life'

While checking the rocketing share price of AP Møller-Mærsk (APMM) – up 35% from the multi-year lows it hit on the day Q2 results were announced – on a Bloomberg page on Monday afternoon, by pure coincidence the (until Monday) chief operating officer and board member of APMM, Søren Toft, popped up in a nice old interview headed “Maersk expanding portfolio of services“.

(By the way, that’s precisely what CMA CGM has tried to accomplish in the past year since it ...