Category Archives: Shipping

Maersk predicts even better remainder of 2021

Posted on September 20, 2021 by | 1 comment

The ocean shipping line Maersk is on track to earn over $22 billion in profit (EBITDA, in financial terms; earnings before Interest, Taxes, Depreciation and Amortization, if you are not familiar.) this year. Free cash flow will be over $14 billion. That is a lot of money.

Capital expense, for new ships and the like, will be around $7 billion.

This graph, from their annual report, shows Maersk’s EBITDA over the last several years.

Source: Maersk 2021 Annual Report.

Here’s Maersk’s most recent annual report in full.

18 September 2021 Jack Donnelly Shipping Lines

Maersk revises earnings forecasts, predicts even better remainder of 2021 – Port Technology International

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Posted in Logistics, Shipping

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Cosco settles case brought by American furniture shipper

Posted on September 16, 2021 by | 2 comments

Furniture is hard to get. And it appears that ocean liner companies are causing problems in the furniture markets.

This lawsuit was just settled, so there will not be any revelation of what practices were not up to snuff.

Sam Chambers September 16, 2021

Cosco settles case brought by American furniture shipper – Splash247

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Posted in Logistics, Shipping, Supply Chains

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Secondary services suffer as carriers eye ‘container gold rush’ to the US

Posted on September 15, 2021 by | 1 comment

Oean carriers are redeploying ships from lower-paying to higher-paying routes, leaving some with no way to transport their goods. The article explains how ships are being reassigned, leaving too few ships on a route to keep the schedule going. Give it a look!

Currently, they are adding ships to the Asia-US routes which charge over $10,000 per container. They are leaving routes that charge on the order of $2000 per container.

You can see why they are doing it. They can get away with it because ships are only bound by the laws of the country they are flagged in. Most of these laws are weak. Port countries do have some say, but only the major world port countries can do much to change the behavior of the liners. And they would favor more ships for their key routes.

By Mike Wackett 15/09/2021

Secondary services suffer as carriers eye ‘container gold rush’ to the US – The Loadstar

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Posted in Logistics, Managerial Econ, Ports, Shipping, Strategy, Supply Chains, Uncategorized

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