Maersk had more cash than it knew what to do with — but not anymore [Yahoo! Finance]
COSCO SHP HLDG UNSP/ADR (CICOY)
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Source: Yahoo! Finance
of an era when managing and deploying an enormous excess of capital was the top concern for the shipping line's executive team. Maersk's stock price dropped by approximately 16%. Now that the company's pandemic-era bonanza is well and truly over, it's time to take a retrospective look at how Maersk invested its cash when profits were pouring in by the billions. During the pandemic when goods demand soared, transportation capacity tightened, and logistics infrastructure groaned under the strain of too much volume, transportation providers in all modes made hay while the sun was shining. Maersk, the Danish container shipping giant and now the second-largest steamship line in the world, was no different: When trans-Pacific spot rates shot past $20,000 per forty-foot equivalent unit in some instances, Maersk raked in a windfall of historic proportions. As container rates climbed, so did Maersk's profits. For reference, in 2017, Maersk lost $1.1 billion; in 2018, a strong year for tr
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