Top
image credit: Pexels

Maersk CEO sees no sign of freight market easing this year

September 16, 2021

Category:

Danish shipping giant A.P. Moller-Maersk sees no indication that the current red-hot shipping market will lose steam this year, its chief executive said on Thursday.

Maersk lifted its 2021 outlook again on Thursday, riding the rise in freight rates which has resulted from a congested global supply chain.

The coronavirus pandemic has prompted shortages of container ships and logjams at ports at a time of high consumer spending, sending the cost of transporting freight to record levels.

Read More on Investing.com