Maersk, the world’s largest container transport firm, has seen increased quantity and report income as transport charges have skyrocketed. The Danish transport agency, whose clients embrace Walmart and Nike, introduced in Could that its first-quarter income elevated 30% from a 12 months earlier to $12.four billion.
“It is tighter now than it is ever been, and it is not trying to loosen up anytime quickly,” mentioned Alan Murphy, CEO of marine consulting agency Sea-Intelligence.
Maersk has a fleet of over 700 ships and handles 1 in 5 containers shipped by sea. The corporate 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.
However with vaccine rollouts in place within the U.S. and client discretionary spending shifting towards providers, will Maersk and its rivals be capable of preserve their momentum? And what do bottlenecks at ports and better freight charges imply for U.S. customers?
Watch the video to search out out what’s subsequent for Maersk.