Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
TRADEWINDS reports:
Gianluigi Aponte’s MSC Group has — perhaps inadvertently — revealed its financial performance for the first time.
The holding company of the world’s largest liner company reportedly made €36.2bn ($38.4bn) in profits last year.
The number has been widely published by Italian media outlets after MSC announced the purchase of around half of high-speed Italian train operator Italo.
Turnover of the MSC Group was €86.4bn in 2022, according to Il Messaggero, which first reported the accounts.
Ebitda was €43.2bn and Ebit was €35.7bn.
The ...
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