Shipping News Makes Grim Reading for Central Banks

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Denmark’s shipping magnates are on a different wavelength to central bankers, reports Reuters.

Bumper year of profits

A.P. Moller-Maersk (MAERSKb.CO) read more and DSV (DSV.CO), two of the biggest names in global logistics, on Wednesday predicted another bumper year of profits due to continued backlogs in ports and other bottlenecks.

That scuppers rate-setters’ hopes that falling freight prices might lend a hand in the fight against high inflation.

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Source: Reuters

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