For MAERSK, the significant increase in transportation costs since the start of the outbreak was a huge blessing. However, the dominant Danish shipping company foresees impending difficulties for her line of employment.
The business stated that there are “many gloomy clouds on the horizon” and that the global recession, which is waving on the horizon, is anticipated to diminish container demand by 2% to 4% in 2022.
” The shares of Mercsk, which is seen as a measure of the health of the economy due to the company’s exposure to the movement of goods all over the world, decreased by approximately 6%. In this year alone, the stock has dropped by 35%.
While Merck has achieved record profits in the last quarter due to “highly high shipping rates”, it said that the prices began to decline near the end of the period “due to the weak demand of customers, in addition to the start of the markets to return to normal with fewer disturbances The supply chain “and less congestion ports, overcrowding.
Additionally, marine charging sizes shrunk.
Where CEO Surin Sco stated that this reduction is “obvious evidence that consumers do not spend as much as they did in recent years, and possibly also evidence that many of our customers have sizable stockpiles.”
Consumption “is loaded with really bad thoughts,” he continued.
I’m not a specialist on the entire economy, but I’d be shocked if Europe weren’t currently experiencing stagnation, said Sco.
The “CNN” network reported that it is possible that the United States will follow its example “sometime next year”; “Al Arabiya.net” also saw this.
The world’s largest container transportation company issues a warning about potential indicators of stagnation.
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