Mærsk vs Hapag – one freight spike, two very different report cards

In short: Mærsk turned a war-disrupted freight market into its second guidance upgrade of the year; Hapag-Lloyd, running through the same market, missed. The gap looks less like a demand story and more like a costs-and-capacity one, and Hapag-Lloyd’s bigger swing factor right now sits with Israeli regulators rather than freight rates. Mærsk today reported second-quarter underlying Ebitda of about Read full article →