Søren Skou eyes a strong market for the rest of the year

Maersk CEO Søren Skou expects a strong market for the rest of the year while noting the "absurd" level of container vessels waiting off Port of Los Angeles.

Photo: PR / Maersk

Growth in the world economy, combined with a shortage of capacity at ports and on vessels, prompts Maersk to carry out yet another guidance upgrade for 2021 for the third time this year.

The upgrade comes halfway into the third quarter, which is considered peak season for container carriers.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs