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The ultimate hedge

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Thursday, June 28, 2012
   Elsewhere in this magazine you can read about how the top publicly-traded liner carriers collectively lost nearly $6 billion in 2011.    One of the biggest contributions to that red ink was from industry capacity leader Maersk Line, which lost nearly $500 million on its own.    But here’s another number to ponder: $33 billion. That’s how much the A.P. Moller-Maersk Group has made in operating profits from its oil and gas activities in the last five years (never mind the $1.2...
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