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 ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
Maersk fears Amazon. That’s the headline grabber in this piece on Bloomberg. Perhaps the more interesting aspect, though, is chief executive Soren Skou’s admission that subsidiary Damco may not be quite fit for purpose. Mr Skou says while the company “can in principle” deliver, it lacks the “global footprint” of parent Maersk. Which means it could “make sense for us to buy a small company that brings technology, skill or a capability that we don’t already have”, he said.
But he believes Amazon is only a threat if “we don’t do our job well”. A good read.
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