Maersk has reported a net profit of $3.7bn for the second quarter and $6.5bn for the half-year, driven by “exceptional market conditions”, and expects Q3 to be even better.
But for its ocean carrier business, the emphasis is on locking-in more blue-chip shippers on multi-year contracts to ensure it extends profitability as far as possible.
The downside is that Maersk’s ocean carrier rivals appear to be enjoying better returns from a considerably …
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Source: The Loadstar