Container shipping biggie (now #2) AP Maersk reported Q3 results yesterday (11/02/22). A one line summary
Record revenue across segments, but sees the market is starting to contract.
It reads like Maersk is saying we are paddling a stream coming down a hill. The question that remains is how steep is the hill.
1 Like
16th quarter would indicate pre-pandemic.
The second quote blurb suggests Maersk are already seeing the slowdown, but are not overly tempering expectations. At least to me, there is a nuance to how Maersk are reporting the sector slowdown vs say OOCL or ONE reporting the slowdown