Freight rate bonanza offers Maersk M&A ticket

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.

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