Danish A.P.Møller-Mærsk pays its bills on time, and suppliers and cooperation partners may be fully confident that the company will pay what it owes to them.
This is the conclusion of a big survey of the shipping sector’s credit credibility carried out by Lloyd’s List Intelligence.
After a number of bankruptcies in the shipping sector, Lloyd’s List Intelligence has scrutinized the industry to clarify whether the creditworthiness continues to be acceptable in this struggling sector.
»It is not surprising that the container industry is strong as this market has improved this year. And companies like A.P.Møller-Mærsk and CMA CGM have no liquidity problems…..«.
Lloyd’s List Intelligence works with two categories when ranking the companies.
The first one is recommendations for the advisable credit exposure to a company. The rating AAA means USD 10 million and above, while C means a maximum of USD 750,000.
The other category goes from 1 to 6, 1 being the best. This category is measured on e.g. actual punctuality with payments and interviews with cooperation partners.
A.P.Møller-Mærsk receives a AAA ranking for creditworthiness, and the top mark 1 for payments. Totally, the company gets the mark 2 which is the best mark at all for any of the world’s six largest container lines.
