Saturday, July 18, 2015

APL / NOL


I do not understand why anyone would buy APL.  All the excess capacity and their fleet with no megas.  Unless it is another step by someone in the self-destruct mode the industry is in.  How realistic is making them profitable in 2-3 years? 

And I do not see Hapag having a great IPO for similar reasons. 

Darwinism and survival of the fittest is at play.