A.P. Moller-Maersk is in an enviable position. The $52 billion Danish shipping titan raised its 2022 guidance on Tuesday thanks to soaring container rates caused by more pandemic-related disruption at Chinese ports. The company, which shifts around 17% of the world’s shipping containers, reckons it will deliver more than $19 billion in free cash flow, …
The post Freight rate bonanza offers Maersk M&A ticket first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/freight-rate-bonanza-offers-maersk-ma-ticket/