How did Maersk CEO Søren Skou navigate his company from unprecedented levels of cargo contraction last year to today’s surge in demand? With vaccine rollouts in place in the U.S. and consumer discretionary spending shifting towards services, will Maersk and its rivals be able to maintain their growth momentum? And what do bottlenecks at ports and higher freight rates mean for U.S. consumers? This video from CNBC provides a good overview of the problems and opportunities Maersk faces in 2021.
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A major maritime incident unfolded in the Kerch Strait over the weekend as the Russian oil tanker Volgoneft 212 broke in half during severe weather conditions, resulting in a significant...
An intense clip of an OOCL containership battling rough seas has resurfaced on social media, captivating viewers—and for good reason. This dramatic footage, filmed from a nearby vessel, captures the...
by John Konrad (gCaptain) There is perhaps no single geographic feature that has done more for the American economy than the Mississippi River. Unlike any other river system on Earth,...
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