«I'm still very optimistic on the fundamentals of
the global container shipping industry,» Chief Executive Soren Skou told Reuters after the quarterly results.
The consolidation — including Maersk's takeover of Hamburg Süd, Cosco offer to buy to buy Hong Kong's OOCL, and the merger of three Japanese liners — has almost halved the number of
global container shipping firms since 2015.
Shares in Maersk are down by more than 30 percent from a July 2017 peak when optimism around freight rates and a turnaround in
global container shipping began to fade.
Not exact matches
An eight - episode series about the world of
shipping containers and
global trade may seem like a niche subject, but it doesn't take long for host Alexis Madrigal to convince listeners why the development of this worldwide network has shaped every aspect of life on Earth.
World's no. 1
container shipper and one of Denmark's largest companies Maersk was hit by major cyber attack in June, one of the biggest - ever disruptions to hit
global shipping.
To help ensure on - time delivery commitments and service levels are met, Franklin Baker contracts with the largest containerized
shipping companies in the world to move its cargoes, such as APL Limited, a
global container transportation services company.
The combination of several trends — lower
global wine inventory, changing sourcing models, variable
container availability and the ongoing consolidation of
shipping lines — create a challenging outlook for companies that buy and transport bulk wine.
Pacific Tycoon
shipping containers facilitate the
global logistics of domestic, business and industrial goods.
Pacific Tycoon
shipping containers facilitate the
global logistics of domestic, business and industrial goods.
Emblazoned with the names of Capital Intermodal and the now bankrupt Hanjin
shipping company, the
containers function as relics of a
global economy in acute transition.
With its motley sacks and tangles of cranes, the piece recalled the waterfront as it appeared before the arrival of the
shipping container redefined
global trade in terms of anonymous, neatly stackable metric boxes that could just as easily contain weapons as toys.
Hello Kip — alarm about the non-problem of CO2 diverts attention from the problem of real pollution — e.g., it is said that a single
container ship as is used in
global trade is the pollution equivalent of 50 million cars due to the burning of about 16 tons of low grade bunker fuel per hour.
I complained that architects and builders had to «finally figure out what
shipping containers actually are, which is not just a box, but part of a
global transportation system with a vast infrastructure of
ships, trains, trucks and cranes that has driven the cost of
shipping down to a fraction of what it used to be.»
If you're wondering about
global trade physically slowing down, due to efforts to reduce fuel consumption and emissions from
container ships, the point - to - point speed today is not that much different than the fastest clipper
ships — assuming constant wind of course.
There are two ways to look at
shipping container architecture; they can be cheap boxes permanently installed and simply enclosing space, or they can be part of a much larger
global transportation and handling system, filled with stuff rather than air.
A.P. Møller - Mærsk is an integrated transport and logistics company with multiple brands and is a
global leader in
container shipping and ports.
Falling victim to the
global Petya cyberattack is set to cost Maersk, the world's largest
container ship and supply vessel operator, up to $ 300m in lost revenues.
Pacific Tycoon
shipping containers facilitate the
global logistics of domestic, business and industrial goods.
Facilitate all schedules, warehouse
container storage, and
shipping of product from warehouse to
global distribution centers.
Pacific Tycoon
shipping containers facilitate the
global logistics of domestic, business and industrial goods.