Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.
Supply-demand dynamics that supercharged pandemic-era rates are now “exactly the opposite,” says Maersk CEO Soren Skou.
Container shipping giant Maersk sees continued strength in U.S. imports and ongoing supply chain disruptions globally.
‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.
New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.
Russian imports via ocean, truck, rail and air are now being simultaneously squeezed. Shipping data shows growing pressure.
COVID container boom continues: Maersk may earn even more this year than in record-trouncing 2021.
Shipping lines are flush with cash and using it to expand into logistics services.
FreightWaves Classics presents a profile of fallen flag American Export-Isbrandtsen Lines.
Port congestion forced container ships to go faster. Congestion remains extreme, yet ships are slowing down.
