On the wires: Maersk’s push to win new business via Damco smells of desperation, but it's in good company

“AP Møller Mærsk A/S – Initiates first phase of share buy-back program: As announced on 24 May 2019, A.P. Møller – Mærsk A/S has decided to initiate a share buy-back program of up to DKK10bn (around $1.5bn) and a maximum of 3.12m shares to be acquired over a period of up to 15 months” – AP Møller-Maersk (APMM), 3 June 2019.

Onwards and upwards: The shares of APMM rallied over 3% from their 2018 lows on Tuesday on the back of significantly ...