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...Instead, he said, checks should be reinforced on exports in Latin America, pointing to a €1bn investment APM Terminals has made in a container terminal it operates in Moín, Costa Rica....
...APM Terminals, the terminal-operating arm of AP Møller-Maersk, said it had been experiencing “short-term pressure” on its facilities in Barcelona, Algeciras and Tangier, although it was now seeing “significant...
...The funds, Afro Asia Trade and Investments, APMS Investment Fund and LTS Investment Fund, could not be reached for comment....
...References to APMs such as “statutory net debt” and “statutory ebitda” should be revised because APMs cannot be statutory measures, the FRC said....
...All presented adjusted numbers and some reported as many as 23 APMs....
...“We need to work out how we break this vicious circle,” said the boss of APM, the ports and terminal division of the world’s biggest shipping group, in an interview with the Financial Times....
...Accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund had been frozen in 2016 during an investigation into global depository receipt fraud....
...Morten Engelstoft, chief executive of Maersk-owned APM Terminals, told the Financial Times that the only way to break the “vicious circle” of logistics logjam after logjam was to lower consumer demand, or...
...Morten Engelstoft, chief executive of APM Terminals, has also warned of a “vicious circle” created by surging demand and suggested a consumer slowdown was needed for shipping groups to catch up....
...“Once [Amazon] start promoting their own APMs, the advocacy for APMs will increase massively,” he said....
...to vaccines varies sharply, and the economic consequences of the pandemic are more deadly than the virus itself, with 100m people pushed into extreme poverty and 118m more people facing chronic hunger.APM...
...The boss of APM Terminals took the highly unusual step of suggesting consumers needed to reduce demand for his ports’ services by stopping buying so much stuff....
...The drops came after Indian newspaper The Economic Times reported that the country’s National Securities Depository had frozen the accounts of Mauritius-based Albula Investment Fund, Cresta Fund and APMS...
...Buyers are also looking to spend longer periods on the island, says André Maximilian Heider, managing partner of APM Mallorca, a company that builds bespoke detached villas or project- manages renovations...
...Keith Svedsen, chief operating officer of APM Terminals, the world’s third largest container terminal operator, said the main impact from the Suez disruption was felt in Europe this week, with “pressure...
...The NPA plans to digitise the processing of containers and has pressed terminal operators to invest more, including Dutch company APM Terminals, which announced an $80m upgrade to its Apapa facility this...
...A recent study by the APM Research Lab found that the mortality rate from coronavirus is 2.4 times higher than for white people....
...Alongside Mr Skou and the chief financial officer, the new management board will consist of the heads of Maersk’s three main business areas — Vincent Clerc for ocean and logistics; Morten Engelstoft for APM...
...Maersk’s APM Terminals division said that by automating cargo handling, it could reduce diesel truck travel on its site by 65 per cent....
...His vision is of making a container as easy to order and deliver from one side of the world to the other as a parcel, using Maersk Line for shipping, its APM Terminals unit for ports, and Damco for freight...
...The review will cover five areas of concern – the way companies present their strategic report and alternative performance measures or APMs; accounting policies; cash flow statements; tax and pensions....
...But several of its ports, run by its APM Terminals subsidiary, are still affected, including Rotterdam and Los Angeles....
...For instance, in 2016 Maersk Oil was the division with the highest profits, making $477m against $438m for APM Terminals and a $376m loss for Maersk Line....
...But Mr Skou was also insistent that the rump of the company — including Maersk Line, the world’s largest container shipping business, and ports operator APM Terminals — needed to end a decade of revenue...
...invested capital by 2 percentage points, from an average of about 7 per cent in the past five years, by seeking greater cost savings between Maersk Line and a range of smaller businesses including the group’s APM...
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