The worldwide container enterprise is in chaos. Surging shopper demand, covid outbreaks and a scarcity of containers has led to greater quantity for ocean carriers and congestion at ports.
Maersk, the world’s largest container shipper, has seen document earnings. The Danish delivery agency whose clients embrace Walmart and Nike introduced Could 2021 first-quarter income of $12.4 billion, a 30% improve from a 12 months earlier. Maersk has a fleet of over 700 ships and handles one in each 5 containers shipped by sea. The corporate additionally owns terminals around the globe and has a rising land-based logistics enterprise. On common a Maersk container ship calls on a port someplace across the globe each six minutes. Like its opponents the corporate has confronted a sequence of obstacles within the first half of 2021 starting from the worldwide scarcity of delivery containers to the blockage of the Suez Canal.
So, with vaccine rollouts in place within the U.S. and shopper discretionary spending shifting in the direction of providers will Maersk and its rivals be capable to keep their momentum? And what do bottlenecks at ports and better freight charges imply for U.S. shoppers? Watch the video to seek out out what’s subsequent for Maersk.
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How Maersk Dominates the World Delivery Trade
Anyone do Stock?
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those danes speak like they have a potato in their mouth even in english
I wish they focused more on ports.
I wish you would do the same non-biased report on the ammo shortage in the U.S. It's dramatic!!
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Cut and paste reporting. For chrissake the ship isn't named "Evergiven" or "Evergreen". That's the name of the damn shipping company. I must have heard a dozen different journalists call that ship the "Evergiven". They all got their 'news' (call it "olds") by watching CNN, where it happened first. No one else bothered checking the damn facts themselves, they just repeated what they heard the first time. Wrongly.
Do insiders need to dump? Why all the advertising..?
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The Danes English accent are very distinct. If you've lived there, then you can immediately spot it.
We think the current ocean freight spike is just manipulated by shipping carriers. Shipping carriers used Covid-19 as an excuse to reduce shipping vessels, cancel sailing, create high demand by themselves. Why they did not compare how many vessels were available before and after covid? Why they did not analyze and provide these kind of data to the public? It should be more clear and transparent.
We have asked many local truck drivers, most of them told us that they were not busy recently. If there is high demand, how come the local trucking companies’ business is so slow. We also find one trucking company’s shipping yard is full of trailers recently, it looks like the trailers just park at the yard forever.
Bring back manufacturing to North America and Europe and the problem will be solved.
See what the US government did? Give everybody $4000, so that people can buy expensive and useless crap. Then, large companies reap huge benefits, while consumers are roughly the same as before. The inflation rate goes up all over the world, hurting all poor people on this plannet.
Worst accent ever.
Own the ports ,around the world. And they criticize China, ports. They don,t want competitions.
Rich capitalists making billions on working people, nothing new here.
what kinda voice is that
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Where are they putting 18,000 containers on those ships (6:18) ? I saw a max of 21x24x7 = 3,528 at 6:12. Where the other 14,000??
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Maersk: we are the king of the sea
Suez canal: hold my beer
Odd that the ENORMOUS amount of damage to the environment goes unmentioned.
America needs help and we will be here!
Automate these ports to keep up with the rest of the world. This is an area that the United States has fallen behind Asia.
The worst shipping company ever
Missing shipment without informing customers
Delay in releasing containers
Delay in answering telephone
Not returning calls
Very bad customer service
You name it
Never seen or heard anything good about this company
A container Increase a few thousand dollars,…. is abuse….
Where is the consumer action?
I thought we agreed to stop using the word 'unprecedented'. After its appearance at 0:13, I don't wanna chance it anymore, I'm outta here.
Lol mature companies show growth company numbers = a rational 200% recovery off pandemic lows, but the exact same is completely insane when investing in growth stocks that show 30+% YoY growth, except every year instead just 1
Errrbody named ‘Jensen’
Maersk is not giving customer satisfactory service
Better them than some Chinese government owned corporation
Watching this vid just to know how to pronounce Maersk
Danish Power ✊🇩🇰
And now China is locking down again, RIP
It is disqusting actually.
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