In 1970, George Harrison brought together a Who’s Who of rock to record his masterpiece, All Things Must Pass. This is the story, told by those who were there.
“So go away away, leave me alone, don’t bother me…”
Those words, from Don’t Bother Me, a glum kiss-off to an lover, which appeared on The Beatles 1963 album With The Beatles, mark Geroge Harrisons first recorded entry as a songwriter. It wasn’t of any significant artistic weight that would rattle the axis of the golden Lennon/ McCartney team, nor would it hint at the glory and sophistication that would be his masterpiece solo record.
Flash forward more than half a century later, and Harrison’s landmark All Things Must Pass album is not only considered perhaps the greatest solo record by a Beatle, but is also routinely selected in the music press as among the most important rock albums of all time.
“So go away away, leave me alone, don’t bother me…”
From there his continued growth as a songwriter bore rich fruit; witness White Album jewels While My Guitar Gently Weeps, Savoy Truffle and Piggies, B-sides The Inner Light and Old Brown Shoe, and his stellar contributions to Abbey Road: Something and Here Comes The Sun, arguably the best songs on The Beatles’ swansong album.
Released in late November 1970, All Things Must Pass was co-produced by Harrison and Phil Spector. “Phil Spector was probably the greatest producer from the sixties, and it was good to work with him because I needed some assistance in the control box,” Harrison explain in a 2001 interview with Yahoo.
I’d much rather play with other people because… united we stand, divided we fall. I think musically it can sound much more together if you have a bass player, a drummer and, you know, a few friends. A little help from your friends. I really want to use as much instrumentation as I think the songs need.
A.P. Moller – Maersk (Maersk) delivered record results for Q1 2022 across its businesses, driven by higher rates and strong long-term partnerships with customers seeking end-to-end supply chain support. Revenue was up 55pct. to USD 19.3bn, EBITDA more than doubled to USD 9.1bn and free cash flow increased to USD 6bn.
”In Q1 we delivered the best earnings quarter ever in A.P. Moller – Maersk with growth across Ocean, Logistics and Terminals. The increased earnings are driven by freight rates and by contracts being signed at higher levels. While global supply chains remain under significant pressure, we continue to demonstrate superior ability to help customers overcome logistic challenges. In Logistics, we enjoyed strong demand for products and solutions across our portfolio leading to the 5th quarter in a row with organic growth of more than 30pct. while Terminals presented its best quarter ever” said our CEO Søren Skou in a comment.
In Ocean, revenue increased 64pct. to USD 15.6bn during Q1 as strong rates more than offset a 7pct. decline in volumes. Revenue for the full year is expected to continue to be strong as the increase in freight rates on our long-term contract portfolio will add approximately USD 10bn to revenue in 2022 compared to 2021. This will more than offset the significant increase in costs, which were up 21% in the first quarter given higher fuel costs and inflationary pressure on network and container handling costs.
In Q1, revenue in Logistics grew 41pct. to USD 2.9bn compared to same quarter last year as both existing and new customers continue to buy into the full value proposition of integrated solutions. At the same time Maersk continues to invest in acquisitions that add capabilities within technology and e-commerce and strengthen the portfolio such as Pilot Freight Services, which closed on 2 May 2022.
Despite fewer handled volumes and rising fuel prices, Maersk’s course is set for a new leap in results following the record year 2021. ”The increased earnings are driven by freight rates and by contracts being signed at higher levels,” says CEO Søren Skou.
A.P. Moller-Maersk continues to benefit from the extreme freight market and its elevated rates, and despite a drop in container volumes, the group is headed for a new leap in result upon the record year of 2021.
The first quarter results of 2022, presented this morning, shows new recoed breaking levels of performance and results.
Source: ShippingWatch
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