How Maersk Dominates the Global Shipping Industry

SKIP AD >>>

The global container business is in chaos. Surging consumer demand, covid outbreaks and a shortage of containers has led to higher volume for ocean carriers and congestion at ports.Maersk, the world’s largest container shipper, has seen record profits. The Danish shipping firm whose customers include Walmart and Nike announced May 2021 first-quarter revenue of $12.4 billion, a 30% increase from a year earlier. Maersk has a fleet of over 700 ships and handles one in every five containers shipped by sea. The company also owns terminals around the world and has a growing land-based logistics business. On average a Maersk container ship calls on a port somewhere around the globe every six minutes. Like its competitors the company has faced a series of obstacles in the first half of 2021 ranging from the worldwide shortage of shipping containers to the blockage of the Suez Canal.So, with vaccine rollouts in place in the U.S. and consumer discretionary spending shifting towards services will Maersk and its rivals be able to maintain their momentum? And what do bottlenecks at ports and higher freight rates mean for U.S. consumers? Watch the video to find out what's next for Maersk.» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassicAbout CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC#CNBCHow Maersk Dominates the Global Shipping Industry

What Is Digital Legal Talent? Breaking News

The legal function is undergoing a period of unprecedented, ever-accelerating change resulting from business digital transformation. What kind of talent does legal need to drive value to digitally mature business? Spoiler alert: much more than practice…

Bed of Lies, Series 2: Episode 2 – Experimentation | Podcast Videos

Follow Bed of Lies to make sure you don't miss an episode: https://www.playpodca.st/bedofliesIt was meant to be a miracle treatment, but it became a deadly poison. Telegraph Features Writer Cara McGoogan investigates the story they didn't want you to know - and one of the biggest medical disasters in history.Medicine is a game of risk, and few have seen the cost of getting it wrong as clearly as one group of boys. Whispers, a terrifying newspaper headline and then a stark message: a deadly virus is in their school.For 30 days' free access to The Telegraph: https://www.telegraph.co.uk/liespodcastSubscribe to The Telegraph on YouTube ► https://bit.ly/3idrdLHTelegraph.co.uk and YouTube.com/TelegraphTV are websites of The Telegraph, the UK's best-selling quality daily newspaper providing news and analysis on UK and world events, business, sport, lifestyle and culture.