Mærsk Line shoots to the bottom of earnings/teu league
Carriers’ unit earnings tell the story
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
The Israeli-owned Zim Shanghai has been forced to move on to LA from the port of Oakland, without discharging its cargo following pro-Palestine protests at the port. It follows a similar outcome for Zim Piraeus, which was blockaded for four days in Oakland last month. The ILWU union said it was taking no position on the Israel/Gaza conflict, but members refused to unload the ship when faced with physical threats as they tried to work. It amounts to more bad news for Zim, already embattled in a tough market and facing financial difficulties.
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