"Many of our big customers are retailers or suppliers to retailers, so naturally this is hurting us," Skou said.While some retailers impacted by lockdown closures had asked Maersk to delay shipments, others like Amazon were growing volumes and asking for even quicker deliveries via rail or air freight, Skou said.To meet demand for e-commerce shipments, which have been impacted by the halt of commercial air traffic, Maersk had launched a new service where it loads small packages on a container vessel in China and ships them to Los Angeles for further distribution.The company suspended its full-year guidance in March due to uncertainty caused by the coronavirus pandemic and did not give new guidance on Wednesday.But Skou said in his main scenario, business would bottom out in the second quarter followed by a relatively weak third quarter and a partial recovery in the last three months of the year.Maersk reported earnings before interest, tax, depreciation and amortisation (EBITDA) at $1.52 billion, slightly above company guidance provided in March.The world's biggest container shipping company reported revenue of $9.57 billion versus the $9.59 billion forecast by 16 analysts in a poll compiled by Maersk. So relax. Declining retail sales and automotive production in Europe and the US were the main reasons for the slump in demand for container freight, Skou said.
Sign up to book online, manage and pay for shipments, and access a suite of products and services designed to simplify your supply chain. 2018 – Present 2 years. The world's biggest container shipping company reported revenue of $9.57 billion versus the $9.59 billion forecast by 16 analysts in a poll compiled by Maersk.RTÉ.ie is the website of Raidió Teilifís Éireann, Ireland's National Public Service Broadcaster. They had risen by a third since March when they reached their lowest level in more 10 years.Maersk, which handles one in every five containers shipped by sea worldwide, had idled almost 10% of its fleet capacity at the end of March. Maersk reported earnings before interest, tax, depreciation and amortisation (EBITDA) at $1.52 billion, slightly above company guidance provided in March. The Singapore-listed shipping trust disclosed that the 2008-built 4,250TEU vessels, FSL Eminence (ex-YM Eminence), FSL Elixir (YM Elixir) and YM Enhancer, were sold for an […] "Many of our big customers are retailers or suppliers to retailers, so naturally this is hurting us," Skou said. New to Maersk? Ve el perfil completo en LinkedIn y descubre los contactos y empleos de Victor Peter en empresas similares. COPENHAGEN (Reuters) - Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand.The crisis has thrown the container shipping trade off balance as supply chains have been upended and businesses and factory activity in China and later across the world was disrupted.Maersk, which also reported a 23% rise in first-quarter core profits on Wednesday, now expects global container demand to contract this year, after previously forecasting growth of between 1% and 3%. Maersk, which handles one in every five containers shipped by sea worldwide, had idled almost 10% of its fleet capacity at the end of March.It plans to take more vessels out of service to match the slowdown in container trade and keep freight rates from falling. While some retailers impacted by lockdown closures had asked Maersk to delay shipments, others like Amazon were growing volumes and asking for even quicker deliveries via rail or air freight, Skou said. The company suspended its full-year guidance in March due to uncertainty caused by the coronavirus pandemic and did not give new guidance today.But Skou said in his main scenario, business would bottom out in the second quarter followed by a relatively weak third quarter and a partial recovery in the last three months of the year. Shipping group A.P. Discover new career opportunities in your local area or wherever you choose in the worlds. A lack of optimism over demand for container shipping has caused First Ship Lease Trust (FSLT) to retreat from the segment, with the sales of its last three container vessels. Charlotte, North Carolina Area (Denmark, Cope..) Performance Manager A.P. Shipping group AP Moller-Maersk has today warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand.