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☆ Shipping giant Maersk expects strong demand and 'another year of disruption' for global trade in 2025
  + stars: | 2024-12-13 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +8 min
But Van der Steene said shipping companies expect the volatility that has pervaded global trade since Covid to be back in 2025. "The e-commerce market has been surprisingly strong," said van der Steene. Maersk has started to see a progression of trade moving over to the West Coast, Van der Steene said. Red Sea diversions and the ILA strike contributed to delayed arrivals in 2024. "We will be quite prominently driving from that 58% all the way up to 90% in the course of 2025," Van der Steene said.
Persons: Van der Steene, van der, Charles van der Steene, Trump, Harold Daggett, Dennis Daggett, Daggett, USMX, Van der, Taft, Hartley, Biden, Trump's, Lloyd, van der Steene, van der Steen, Van Der Steene Organizations: Maersk, Maersk North, North, Central and, CNBC, Longshoremen's Association, National Retail Federation, Trump, ILA, United States Maritime Alliance, Gulf Coasts, Senior Biden, Gemini, Hapag, Gemini Alliance, Intelligence, U.S Locations: China, South Carolina, North American, Maersk North America, Maersk Halifax, Central and South America, Qingdao Port, Qingdao, Shandong Province, North America, East Coast, Gulf, U.S, Asia, West Coast, East, Gulf Coast, Mobile , Alabama, North, Germany, Red, Mexico
☆ CEO of Hapag-Lloyd, one of world's top ocean shippers, says the outlook has changed for global economy, trade demand
  + stars: | 2024-03-15 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +7 min
We saw them coming up a bit towards the end of the quarter, and then of course, the Red Sea crisis ... which again changed the market." Rolf Habben Jansen, CEO of Hapag-Lloyd, the world's fifth-largest ocean carrier, tells CNBC he has an improved view on trade for the rest of 2024. "It's a concerning situation and I think the [Red Sea] outlook is very difficult," Jansen said. In addition to the added costs, according to Sea-Intelligence, the Red Sea diversions could increase carbon dioxide emissions by 260%–354%. New ocean alliance with MaerskThe reduction in global freight and schedule reliability are headwinds ocean carriers have been facing for months.
Persons: Lloyd, Jansen, Rolf Habben Jansen, Hapag Lloyd, Hansen, it's, Lars Østergaard Nielsen, Nielsen, " Hansen Organizations: CNBC, Intelligence, EU, Trading, Maersk, Hapag, Gemini, Sea, MSC Locations: U.S, Asia, West Coast, East Coast, Gulf Coast, Red, Aden, Yemen, Africa, Europe, Suez, Panama, California
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