Comment / On the wires: Reading the ocean tea leaves via Rotterdam & Mærsk

Photo 31245081 © Scott Griessel | Dreamstime.com

Revenues and profits remain at bumper-elevated levels – which are so high they even deserve their own special compound adjective – but a worrying trend of weakened volumes continues to emerge after AP Møller-Mærsk’s (APMM) preliminary trading update today, as 2022’s first earnings season opens.

Premium discussed late last week the port of Antwerp’s Q1 22 throughput figures that showed a 11.6% year-on-year container decline, and was followed today by APMM’s update stating that, based on Q1 22 volume developments, the group ...