Maersk Warns Shipping Crisis Won’t End Soon as Global Demand Grows

Maersk said the global supply chain crisis will not end soon as demand keeps growing.

According to Maersk, global ocean-based freight is expected to increase between 7% and 9% this year.

Chief executive Soren Skou explained that port congestion will get worse as retailers and manufacturers try to keep up with the market demand amid the pandemic.

Skou mentioned that the number of ships that are queued outside ports compared to last month.

“The ports are not working as well as they should do, so we can’t discharge containers as fast as we would like. It’s hard to see exactly when the situation will improve. Our customers are dealing with super high customer demand, and on top of that they have very low inventory,” said Skou.

Amid the shipping crisis, Maersk still managed to slowly grow and has even acquired German air-based freight carrier Senator International for $644 million.


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