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Pandemic Propels Makeover at Shipping Giant Maersk Maritime Activity Reports, Inc. © Björn Wylezich / Adobe Stock Maersk is accelerating its plan to transform itself from a container shipping giant into an integrated logistics company following its strong performance during the pandemic, Chief Executive Soren Skou said on Tuesday. Maersk, which handles one in five containers shipped worldwide, aims to expand its land-based logistics services, hoping to gain a larger share of the supply chain from existing shipping clients such as Puma and Walmart. "I don't want to put a date to it, but I'm ...

By Jacob Gronholt-Pedersen COPENHAGEN, May 11 (Reuters) – Maersk is accelerating its plan to transform itself from a container shipping giant into an integrated logistics company following its strong performance during the pandemic, Chief Executive Soren Skou said on Tuesday. Maersk, which handles one in five containers shipped worldwide, aims to expand its land-based logistics services, hoping to gain a larger share of the supply chain from existing shipping clients such as Puma and Walmart. “I don’t want to put a date to it, but I’m certain that our logistics business has potent...

Updated Jan. 3, 2021 11:34 pm ET HONG KONG—A logjam in the global shipping industry is testing the resilience of China’s exporters, who have driven the country’s economic recovery by churning out goods to meet surging global demand during the Covid-19 pandemic. That demand in recent months has outpaced the capacity of a global shipping industry that has been slowed by pandemic safety measures. Chinese exporters have been paying sharply higher rates and struggling to find containers for their goods. Chen Yang, who runs a textile trading unit at a state-owned enterprise i...

Labour-crunched contractors hit by a brick wall of rising material costs, supply chain disruptions Toggle share menu Advertisement Labour-crunched contractors hit by a brick wall of rising material costs, supply chain disruptions Rails and signs mark the borders of different work zones at a construction site in Sembawang. (Photo: Cheryl Lin)  Share this content Bookmark SINGAPORE: Construction firms, already lacking workers, are having to deal with more expensive building materials as both freight and raw material demand have shot up, creating a supply chain s...