Skyrocketing freight rates throughout 2020 and large volumes of container transport from Asia to the US and Europe caused earnings to become red-hot at Maersk, doubling the company's "war chest" for new acquisitions to USD 20 billion in just a few months, projects investment bank Jefferies.
At the end of the third quarter 2020, Maersk had an "acquisition war chest", as Jefferies calls it, of USD 9 billion. A few months later, this has been doubled.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.