Maersk Posts Optimistic 2021 Outlook Despite Sizeable Bottleneck

Capt. John

Container shipping firms are locked in a “significant bottleneck” as resurgent global demand stretches capacity and drives up freight rates, Maersk CEO Soren Skou told CNBC Wednesday.

‘A challenging quarter’

Maersk, the world’s largest container shipping firm, missed its own fourth-quarter profit expectations Wednesday and posted a cautiously optimistic outlook for 2021 after an “exceptional while challenging quarter.”

Skou explained that after a 15% dip in Maersk’s volumes in the second quarter...

https://mfame.guru/maersk-posts-optimistic-2021-outlook-despite-sizeable-bottleneck/

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