/cloudfront-us-east-2.images.arcpublishing.com/reuters/ATT4F4EHRVJGTEEXMJWLARSHGU.jpg "Breakingviews – Maersk’s cash machine is economic storm warning")
Shipping giants are sending out an unlikely warning signal about the global economy. Danish behemoth A.P. Moller-Maersk said on Tuesday it would probably land a whopping $37 billion of EBITDA this year due to sky-high freight rates. The trouble is its valuation gives minimal credit to what lies beyond the immediate horizon, implying stormier seas ahead.
Breakingviews – Maersk’s cash machine is economic storm warning
Shipping giants are sending out an unlikely warning signal about the global economy. Danish behemoth A.P. Moller-Maersk said on Tuesday it would probably land a whopping $37 billion of EBITDA this year due to sky-high freight rates. The trouble is its valuation gives minimal credit to what lies beyond the immediate horizon, implying stormier seas ahead.
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