Tag Archives: Shipping

Maersk predicts even better remainder of 2021

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

New Brexit customs control delays ‘expected’, but still ‘a pain in the neck’

Brexit is causing customs delays that are causing problems for shippers and brokers. Read the article to find out a bit about it. Notice all the things besides customs that a container or any cargo must meet.

By Alex Whiteman 15/09/2021

New Brexit customs control delays ‘expected’, but still ‘a pain in the neck’ – The Loadstar

NTSB finds Golden Ray capsized due to inaccurate stability calculations

One of the dangers in ocean shipping is calculating the stability of the vessel. As you can see, itis critical. One mistake, unchecked, led to over $200M damage. Plus a sunken ship!

Kim Biggar September 15, 2021

NTSB finds Golden Ray capsized due to inaccurate stability calculations – Splash247