After global container shipping demand fell by 4.9% in Q1, a terrible Q2 was expected with volumes declining by as much as -20% to -25%. As that massive downfall in demand may prove only to amount to -15% to -18%, the A.P. Moller-Maersk share price jumps by 7%. What the hell?
Moreover, Q2 ‘EBITDA before restructuring and integration cost’ is now seen higher than EBITDA for Q1. Splash Extra is still searching for any meaningful information made available in this update, as well as s...
To continue reading, please login below or subscribe here.