Maersk Q1 2024 results show revenue decrease
NewsMaersk’s Q1 revenue decreased by US$1.9 billion, mainly from Ocean, while the Logistics & Services and Terminals businesses saw increases of US$33m and US$123m respectively.
While the carve-up of Hanjin’s operations on the USWC is well under way (WorldCargo News, November 2016, p14), Hyundai Merchant Marine (HMM) has been selected as the preferred bidder for Hanjin’s 25% stake in TTI Algeciras (TTIA). The Korean consortium of IBK Securities and Korea Investment Partners has held a 75% stake since 2014, as part of an earlier attempt to restructure Hanjin’s debts.
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