These comments annoy me so bad, do people even listen or try to understand before commenting. Maersk chartered the ship meaning the other company owns ship, has crew on ship and hauling maersk cargo. In a trucking accident do you blame driver and trucking company or the people that own the boxes on the truck... my gosh, and the people saying ripping people off the shipping rates been so bad barely any profits last number of quarters, love how people expect every company to be a charity case except tech but perfectly fine having apple rip you off charging 1400 dollars for a phone that costs them 10 bucks.
Completely agree with you on that. It's also mind blowing to me that when they have some surplus ships, they immediately call it a huge problem. But then when there's a need to scale up operations quickly (such as going around Africa) they say that's what helps them keep operating. Sounds like we're trying to run out of fuel as soon as the plane lands with the planning of these people. Surely a surplus of capacity should be preferred for that exact reason (something happens and there's an immediate need for ships). It's the exact same problem in the airline industry at the moment and it's absolutely mind blowing to me that all these years, no one thinks of any amount of redundancy/spike in demand/other issue and plans for it.
When NBC a story on shipping ocean going container ships, it always sounds like a commercial for Maersk for some reason. I would love to see what their advertising budget is like for nbc.
All fine and well but tell them to check ALL of their ship engines and ships. It was an engine failure that caused the bridge disaster in Baltimore. Further, that same ship/engine flunked its inspection showing the same problem about 1-2 years ago.
This freight ship lines are a huge factor on why our consumer goods are going up. Maersk & others have increased the freight prices which is then passed on to us to maintain their OR... What we're about to see is a shift in logistics, especially in NA, with the likes of Maersk doing M&A's and then investments in Mexico that is becoming the battleground for end-to-end logistics. Honestly, the only takeaway here is until North American logistics stabilizes post-shift away from China and leverages fully the USMCA in trade, Maersk & the likes will continue to make bank & eat up all the smaller companies in every facet of the supply chain LOL
Are you dumb? Go look at shipping profits in 2023 and this year so far its been barely profitable, most aren't even paying out dividends of any sort atm cause so bad, last year I made almost 15,000 dollars in dividends and this year will not even be 1,000. Try looking at a balance sheet of profits before you talk trash
"This freight ship lines are a huge factor on why our consumer goods are going up." A 40' container can hold 10,000 laptops. It costs US$ 3,000 to ship from China to US west coast. That equates to 30 cents per laptop. It used to cost only 10 cents per laptop computer, so yes, the price of your MacBook has gone up 20 cents due to these evil, greedy container shipping companies. Your claim that shipping is a 'huge factor' is simply false. The reality is that a very large part of the price of many goods is due to advertising and marketing. A huge proportion. For known brands, it's probably over 30% of the price you pay that goes to advertisers. But without advertising and marketing, you probably wouldn't buy the product in the first place.
@pjacobsen1000 yep rates haven't went up sense the 90s basically, yet people crying a river. Reminds me of gas people crying a river when up 10 cents a gallon in 10 years and same time pay 10 bucks a day for Starbucks coffee, hilarious how things needed to survive go up price people freak out while same time let apple charge them 1400 for a new phone that costs them 50 bucks to make and need a upgrade every year... fact is they think companies for living essentials should be a charity case to them and not profitable while same time fine that apple and these other places rip them off.. people screwed up
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Maersk PR Team - Everyone's hating on us right now, we need something subtle to hide our 20$ billion profits. CNBC - How about we put the word 'VOLATILE' in title and make you seem like the victim here ?
Q? Why does Maersk get to Privatize Profits but Socialize LOSES?? Same for Insurance Provider.... I'm not given same treatment when I'm at fault in an auto accident 🙃
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Why would they, it is just a footnote in what the video is about. Besides Maersk has commented on the accident, had it been their ship then it would have impacted them more directly.
Maersk's strategic diversification into air freight and last-mile delivery is a smart move in navigating the unpredictable waters of global trade. This holistic approach not only mitigates risks but also enhances their ability to adapt to rapidly changing market dynamics. 🚢
@@jebbo-c1lThat bridge would have to have been made substantially better to stand an impact like that,ship’s DONT have brakes,they have an anchor but no brakes and if the engines fail for any reason then things like hitting the bridge is always on the cards or another vessel.
This figure also includes (in fact the majority is) commodities such as oil, fuels, ores, gas, and grain as well as cars, trucks, and other vehicles. Finished goods (which is what is mainly transported in containers) only make up about 20% of all shipping.
So Maersk leased the ship that took down the Key Bridge in Baltimore, effectively shutting down one of the largest ports in the world....that is how it's navigating the shipping industry?
Don't be silly. Maersk didn't steer the ship, their people were not on it or anything. You conspiracy nonsense is the equivalent of you being responsible for an Uber you called crashing on the way to pick you up.
Another stupid comment, they chartered the ship meaning the ship and its employees are transporting there cargo, do you go after the trucking company or the people that have cargo on the truck in a trucking accident, tool.
@howard6433: Baltimore, like any other US port, is insignificant in a global perspective. The really big container vessels bypass US ports because they are too shallow and their cranes are too small to service them
Seems like Maersk is creating volatility in the shipping industry. Sounds like they have enough bucks rebuild a huge bridge…. or their insurance carrier.
Is Maersk responsible for completely destroying the Francis Scott Key Bridge? If so, are they going to compensate the US government for the ineptitude of its maintenance staff, and the reconstruction?
Also, they pay some of the best dividends on their stocks. Last year Mærsk B stock paid a dividend of $600 per stock and Hapag-Lloyd paid $55. This year's its down a bit but Mærsk paid $80 per stock and upcoming in May Hapag-Lloyd is giving $35 per share. After I got my Mærsk divided last month, I sold all of my Mærsk stock and bought 400 more stocks of Hapag-Lloyd. Sitting on 484 stocks of Hapag-Lloyd now, waiting for the dividends then I will sell all the stocks and buy Mærsk again to hold onto for a couple years. That's why I love the shipping industry.
Always can depend on the cartel's drugs that they ship on a regular basis by the containerload. Then their help in money laundering is a profitable sideline as well. Oh yeah as they rip off the world in shipping fees! I am shedding crocodile tears for poor Maersk.
.... WHILE TICKER/SYMBOL- AMKAF JUST SIT THERE IDLE LIKE ZIM DANA SHIPPING HANJIN AND NUMEROUS OTHERS I DON''T CARE TO MENTION WHERES MY $$$ $$$ $$$ ...
😂 that true. Trum. p family I guess they didn't give them a good deal like M e x ic o and Indi @ 😅 I am still paying for the wall ( Mex) I am still funding Russi @ (indi) The two nation T r u m . P wanted people to invest in 😅 (Mex and indi) 😂😅😂😅😂😅😂😅😂😅😂
It's incredible that so many people are so hopelessly ignorant when it comes to understanding what it means to charter a ship. When you charter a ship, it's the equivalent to hire a FedEx airplane to transport your shipment. That's what a charter is. Maersk charter a ship to sail with their cargo. The ship is not owned by Maersk, the crew is not Maersk etc. Maersk has nothing to do with the chartered ship other than telling them where the ship needs to sail. However, the ignorance displayed by so many people and especially in America seems to suggest that education in America is pretty poor. Maersk grew a lot when they bought up among other things American shipping and harbor facilities when they could not manage to operate their companies with a profit so now, Maersk are in the position where they pretty much own stakes in the entire shipping process from containers, trucks, ships, harbor facilities etc. However, they also always check for options to find the best way to earn more and sometimes that includes renting space on ships, trains, trucks and airplanes owned by other companies. Maersk are not unique in that respect. All major shipping companies do that. If you are not flexible, you will get hurt financially.
"They're buying up air freight, they're buying up terminals, they're buying up trucking companies" "The Sherman Act also makes it illegal to monopolize, conspire to monopolize, or attempt to monopolize a market for products or services. An unlawful monopoly exists when one firm has market power for a product or service, and it has obtained or maintained that market power, not through competition on the merits, but because the firm has suppressed competition by engaging in anticompetitive conduct"
I know that it might come as a surprise to you, but this Sherman Act has no legal consequences outside USA, despite all your wet dreams. It is of no consequence in Denmark 🇩🇰 where Mærsk is headquartered. At it's worst, it could negatively impact a US subsidiary which mostly exists to provide auxiliary transport capacity for the US military.
Maybe they should invest in their shops with all their profits. If the ship in Baltimore had been maintained properly it probably wouldn't have crashed
Maersk doesn't own that ship. They were chartering that ship. Just like if you rent a limo - would you blame the passenger for the driver's behaviour or mechanic's work?
@@dlight9849 I would expect a shipping company with the means would do their due diligence to make sure their cargo is secured on a ship that doesn't have major mechanical problems. Maersk makes money by getting stuff from A to B. If the ship hits the bridge, then no point B. Not sure why you say blame would go to the passenger. That's not really how this works. It's more like this: If your Uber breaks down on the side of the road, do you blame the driver or the platform? Even if the driver didn't maintain their car, Uber is still responsible for getting me to my location and compensating me for my time. Therefore it's in Uber's best interest to hire drivers with well maintained cars. The video says Maersk made $billions in profit, all I'm saying is they should spend some of that cheddar on making sure the vessels they employ are up to the job.
Knowledge is power my friend. Unfortunately, you have neither of the one nor the other. Sometimes it pays to be better informed before you make a fool of yourself here.
Imagine yourself. The probability that we see the world as it is is zero. the world you perceive is just a screen behind which it is convenient to live. The real world or the truth is so complex that evolution itself has tried to make sure that we never find out what lies behind the partition.
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Just because you don't like the company for no apparent reason doesn't mean a ship they chartered (Borrowed/Lent) to another company is their responsibility. Like when you rent a car then that vehicle is YOUR responsibility and NOT theirs!
