How Maersk Is Navigating The Volatile Shipping Industry
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Published 2024-03-30
In addition to its fleet of over 670 vessels, the Danish-based carrier also runs one of the globe's largest port terminal businesses, with 64 terminals. Maersk logged record profits of $29.3 billion in 2022 due in part to pandemic-induced buying and higher freight rates.
But the company is flagging "high uncertainty" for the year ahead as a shift in consumer spending habits has brought revenue in line with pre-pandemic levels. Today, like its rivals, Maersk faces a range of challenges including attacks on vessels in the Red Sea, a drought at the Panama Canal, and the threat of higher tariffs related to a potential Trump presidency.
The company also chartered the vessel that crashed into the Francis Scott Key Bridge causing the structure to collapse and the Port of Baltimore to close.
CNBC explores how Maersk’s business has evolved and how it is navigating the many challenges the shipping industry faces today.
Chapters:
0:00 Introduction
2:44 Chapter 1: Global challenges
5:38 Chapter 2: The early days
8:43 Chapter 3: Pivoting to land
Produced by: Shawn Baldwin
Edited by: Nic Golden Henry
Supervising Producer: Jeniece Pettitt
Additional Reporting: Lori Ann LaRocco
Animation: Christina Locopo
Additional Footage: Getty Images, Maersk
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How Maersk Is Navigating The Volatile Shipping Industry
All Comments (21)
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These comments annoy me so bad, do people even listen or try to understand before commenting. Maersk chartered the ship meaning the other company owns ship, has crew on ship and hauling maersk cargo. In a trucking accident do you blame driver and trucking company or the people that own the boxes on the truck... my gosh, and the people saying ripping people off the shipping rates been so bad barely any profits last number of quarters, love how people expect every company to be a charity case except tech but perfectly fine having apple rip you off charging 1400 dollars for a phone that costs them 10 bucks.
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Awesome Story. This should be a detailed 30-45 minutes documentary
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You guys have to be trolling right now by also releasing this video
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Thank you very much for such a detailed review, now I know exactly what I need.
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Very informative thanks
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Amazing!
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Perfect timing
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Good video keep it up
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This was great. Taught me so much...
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CNBC.....the fuq are you guys doing?😂😂😂
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They could start by not navigating into bridges.
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Maersk also raised the stock dividend, so they don't reinvest all the excess profits.
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They are navigating through key supports to avoid collapse
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CNBC got to collect that Maersk dollars. "Make my image better !! "
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Ah Maersk, making a bridge from ocean to ocean Well sometimes destroying it 😂
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1,5 tonnes of goods are shipped by each person each year
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Maersk PR Team - Everyone's hating on us right now, we need something subtle to hide our 20$ billion profits. CNBC - How about we put the word 'VOLATILE' in title and make you seem like the victim here ?
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Good job maersk.
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10:31 you overlooked the purchase of Martin Bencher !
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Great video!:face-red-heart-shape::face-red-heart-shape::face-red-heart-shape:
