Maersk posts blockbuster Q2 results — and Q3 looks even better

Maersk

There’s a saying at public companies: “Underpromise and overdeliver.” A.P. Moller-Maersk has apparently taken that credo to heart in 2021.

At the beginning of this year, it introduced initial guidance for 2021 earnings before interest, taxes, depreciation and amortization of $8.5 billion-$10.5 billion.

In May, it raised its EBITDA guidance to $13 billion-$15 billion.

Then on Monday, it hiked it yet again, to $18 billion-$19.5 billion. The midpoint of the new range is double the midpoint of the...

https://www.freightwaves.com/news/maersk-posts-blockbuster-q2-results-and-q3-looks-even-better

FreightWaves Classics: Port of Mobile is a key Gulf Coast port

An aerial view of the Port of Mobile. (Photo: Alabama State Port Authority)

The ports of the United States are our nation’s windows to the rest of the world. Imports and exports flow through them daily, helping maintain the world’s largest economy. 

A key Gulf Coast port is located in Mobile, Alabama. It is one of the top 20 U.S. ports by volume. Located along the Mobile River where it empties into Mobile Bay, the Port of Mobile has  deepwater terminals with direct access to 1,500 miles of inland and intracoastal waterways. These waterways serve the Great Lakes, the...

https://www.freightwaves.com/news/freightwaves-classics-port-of-mobile-is-a-key-gulf-coast-port

COVID threatens Chinese exports as US struggles to restock inventories

COVID

U.S. import demand is stronger than ever as inventory-to-sales ratios remain painfully low. But there’s rising risk to shipping volumes on the supply side of the equation: Most American containerized imports come from China and elsewhere in Asia, where the delta variant is spreading.

There were two big plunges in trans-Pacific volume last year: one supply-side driven, when China locked down in the first quarter; another demand-side driven, when the U.S. locked down in the second quarter.

There...

https://www.freightwaves.com/news/covid-threatens-chinese-exports-as-us-struggles-to-restock-inventories

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.