Carriers disappointed as contract talks loom and rate hikes fail to stick
Container spot freight rates this week were virtually unchanged from last week, as planned mid-November ...
Far East of Russia. East (Japan) Sea.
“While the global container demand, as expected, was lower in Q3 due to weaker growth in the global economy, AP Moller-Maersk continued to improve the operating results. We delivered strong free cash flow and a return on invested capital of 6.4% as a result of strong operational performance in Ocean, higher margins in Terminals and solid earnings progress in Logistics & Services.” – Søren Skou, CEO of AP Møller-Mærsk (APMM), 15 November.
Sadly, APMM was beaten to the punch by the local press ...
Comment on this article