Box ship building in China hits new heights with 68.5% of global orders
China has become the undisputed front-runner in containership building, with an orderbook, extending to 2030, ...
HON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISKMAERSK: FOCUS ON MARGIN IN LOGISTICS AND SERVICESMAERSK: GROWTH UNDERPERFORMANCE IN OCEAN MAERSK: WHY IS GEMINI SUCH A GOOD IDEA MAERSK: INTEGRATOR STRATEGY MAERSK: EIGHT YEARS AFTER THE LAUNCH OF THE INTEGRATOR STRATEGYMAERSK: FOCUS ON DEALS MAERSK: QUESTION TIME WITH FOCUS ON MSC AND DEALSMAERSK: WORKING CAPITAL MAERSK: GEMINI FEEDBACK AND CUSTOMER RETENTION MAERSK: INVESTOR DAY UPDATEMAERSK: CEO PREPARED REMARKS MAERSK: CONF CALL ABOUT TO START RXO: HAMMEREDUPS: ONE CENT CLUB MAERSK: BUYBACK PROGRAMME DISCLOSURE
HON: GAUGE THE UPSIDEXPO: STELLAR EARNINGS DELIVERYMAERSK: DEMAND DISRUPTION RISKMAERSK: FOCUS ON MARGIN IN LOGISTICS AND SERVICESMAERSK: GROWTH UNDERPERFORMANCE IN OCEAN MAERSK: WHY IS GEMINI SUCH A GOOD IDEA MAERSK: INTEGRATOR STRATEGY MAERSK: EIGHT YEARS AFTER THE LAUNCH OF THE INTEGRATOR STRATEGYMAERSK: FOCUS ON DEALS MAERSK: QUESTION TIME WITH FOCUS ON MSC AND DEALSMAERSK: WORKING CAPITAL MAERSK: GEMINI FEEDBACK AND CUSTOMER RETENTION MAERSK: INVESTOR DAY UPDATEMAERSK: CEO PREPARED REMARKS MAERSK: CONF CALL ABOUT TO START RXO: HAMMEREDUPS: ONE CENT CLUB MAERSK: BUYBACK PROGRAMME DISCLOSURE
Fantastic long read from one of liner shipping’s premier analysts, Charles de Trenck, on the nightmare for investors who have bought shares in China Shipping or Cosco – or worse, both…
“CSCL, even though it ripped off investors initially, actually moulded itself into a better company over time, even though ultimately it likely would have faced tremendous difficulties without state subsidies. Cosco was the opposite in some ways. Its core container business was and is an operationally viable operation. But the corporate structure on top, led by people like Wei Jiafu, was a financial drain on operations. It made all the wrong calls on asset timing.”
Mr de Trenck worked for a number of banks in Hong Kong while Cosco was preparing its various subsidiaries for stock market listings, and there are few who understand the troubled balance sheets of Chinese shipping companies better than he.
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