November 10, 2015

Portents in the Shipping Industry

Maersk is the worlds biggest maritime shipping company.


It's quite common if sailing in Hampton Roads Harbor to see three or more Maersk ships.

The company, presumably knows something about the shipping industry. 


 "We believe that global growth is slowing down,” he said in a phone interview. "Trade is currently significantly weaker than it normally would be under the growth forecasts we see.”


This does not jive with other forecasts, and certainly, with regards to domestic air and ground shipping industry my completely anecdotal and unscientific observations have been of daily box tsunamis. However, the shipping company I work for seems to be benefitting considerably from the explosion in online ordering, and we are spinning up for the hell called "Christmas".  Maersk handles 15 percent of worldwide maritime trade. They have a particularly good vantage point to see things on a macro scale that includes raw materials as well as finished products. They probably should be taken seriously.

I cannot speak to their corporate culture or analytical methods, but in my experience inspecting their vessels in the Coast Guard, Maersk always ran tight ships with highly professional crews. They seemed pretty squared away.

Posted by: The Brickmuppet at 02:07 PM | Comments (2) | Add Comment
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1 Union Pacific is furloughing train crews due to continuing drops in shipping demand.  And yet the government continues to pump air into the stock markets.

Posted by: Ben at Tue Nov 10 17:09:46 2015 (DRaH+)

2 Ewww...

Posted by: The Brickmuppet at Tue Nov 10 19:55:54 2015 (5oCPR)

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What colour is a green orange?




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