End of an era: Profits finally peak for shipping giant Maersk
Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.
Maersk’s guidance implies fourth-quarter earnings will plunge 39% compared to the third-quarter peak.
Product-tanker share prices are up triple digits year to date as investors position for sanctions upside.
The world’s seventh-largest ocean carrier expects profits to fall, yet its projections remain vastly higher than pre-COVID levels.
Spot rate indexes look like they’re stabilizing — at least temporarily — after double-digit plunges in August and September.
Rolf Habben Jansen, CEO of ocean carrier Hapag-Lloyd, gives his take on the “bullwhip effect,” rates and global trade.
As container shipping stocks get battered by collapsing rates, tanker shares could be poised for a long bull run.
New disclosures by Asian ocean carriers confirm that container shipping lines remain extraordinarily profitable.
Supply-demand dynamics that supercharged pandemic-era rates are now “exactly the opposite,” says Maersk CEO Soren Skou.
Container lines are pulling back fast from the ship-leasing market, signaling less confidence in future freight income.
Container shipping rates — particularly from Asia to the U.S. — are still falling hard and show no sign of finding a floor.