Yesterday, Vincent Clerc invited a group of journalists to Maersk’s HQ.
One message stood out:
Maersk is rethinking Ocean.
For years, it tried to reduce exposure to freight volatility.
Now Clerc says shipping’s economics have changed.
Maersk needs more ships.
Yet he also says there are already too many ships.
That tension could define the next cycle.
So what is Maersk seeing that the market may be missing?
Here are 🔟 must-knows:
1️⃣ Shipping is being priced differently
“Since Covid, the way shipping is priced has fundamentally changed,”
💡Maersk’s Q2 avg. freight rate rose 22%, while volumes grew just 4.1%.