Liner industry frustration as India demands millions in taxes
Foreign-flagged container shipping lines facing the heat from Indian tax authorities have been lobbying the ...
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
Bloomberg has interviewed Vincent Clerc, chief commercial officer of Maersk, and it’s worth the 10-minute running time. For one, Mr Clerc is interesting to listen to – and doesn’t resort to bland ‘corporate speak’. He talks about how the industry fundamentals, based on increased trade and the recent consolidations, have improved, with confidence at a 10-year high. He talks about capacity – Maersk will not be ordering ships any time soon, and even with the recent spate of orders by competitors, the orderbook is still at its lowest in a decade. And on Day 2 of the integration with Hamburg Süd, further consolidation is not on his mind. But offering more products, “outside of ocean” is a strong focus this year, he reveals.
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