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At the start of 2021, things may not have been looking too optimistic. New variants of COVID-19 were emerging and many nations and states re-entered into draconian lockdowns that potentially halted a strong consumer rebound. To further complicate matters in March, the Suez Canal was blocked for almost a week by a large container ship owned by Evergreen Marine, holding up a cohort of other commercial vessels. Many would assume another disaster loomed for the shipping industry. On the contrary, the demand for goods is strong and many expect this to continue in the long term. To back this up, E...

The ten-year bull run in international equities combined with the poor performance of the JSE over the last five years has resulted in a growing interest among South African investors in offshore investing. This is putting pressure on local fund managers to provide international investment skills to their clients – which is no small ask considering there are 3,530 stocks listed in the US alone – before one counts Europe and Asia – relative to the 350 listed on the JSE. In the face of this trend local fund managers, big and small, have adopted different strategies. Some, like Absa, Nedgr...

Synopsis The world’s top container line, A.P. Moller-Maersk A/S, this month called the challenges “the most dramatic stress test of the past 75 years.” Shares of Maersk are flirting with an all-time high and the industry more broadly banked profits of $5.1 billion in the third quarter, a four-fold increase from a year earlier Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest days. Carriers reaping the biggest profits in at least a decade are struggling to operate reliably as bottlenecks worsen around por...

By Brendan Murray (Bloomberg) – Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest days. Carriers reaping the biggest profits in at least a decade are struggling to operate reliably as bottlenecks worsen around ports from southern England to Shanghai, contorting supply chains for everything from car parts to cosmetics and medical equipment. Just 50.1% of container vessels arrived on time in November, down from 80% a year earlier and the lowest level in records dating back to 2011, according to a service reli...

Bottlenecks Wear Down World Economy’s Fleet of Container Ships Bloomberg 12/22/2020 (Bloomberg) -- Supply Lines is a daily newsletter that tracks Covid-19’s impact on trade. Sign up here, and  Popular Searches Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest days. Carriers reaping the biggest profits in at least a decade are struggling to operate reliably as bottlenecks worsen around ports from southern England to Shanghai, contorting supply chains for everything from car parts to cosmetics and medica...