Riding the Wave of Global Disruptions

In a year of disruptions, ocean carriers are reaping windfall profits. Danish giant Maersk hasraisedits annual profit forecast for the fourth time, reporting third-quarter earnings of $4.8 billion—a 155% increase year-over-year. High container demand and ongoing challenges in key global shipping lanes like the Red Sea have created an inconvenience for some but a boon for carriers. CEO Vincent Clerc anticipates these rerouting measures to continue "well into 2025."

Similarly, Ocean Network Express (ONE) posted impressive gains with $5.9 billion in revenue and a staggering $2 billion net profit—a 1000% jump from last year. However, ONE's CEO Jeremy Nixon cautions of turbulent times ahead, citing election and labor uncertainties, and emphasizes the need for "agile control" in navigating the evolving landscape.

gCaptain members only newsletter content; sorry I don't have a URL.

Remember this when people say that longshore, maritime, and other logistics workers don't deserve a share of the profits. ("Labor uncertainties.")

Same old story forever from the UniParty: concentrate profits, socialize losses.

Another example:

ONE Reports Staggering 1000% Profit Surge Amid Global Shipping Challenges

https://gcaptain.com/one-reports-staggering-1000-profit-surge-amid-global-shipping-challenges

Cape of Good Profits: Maersk Sees Red Sea Chaos and Soaring Demand Pushing Earnings Even Higher

https://gcaptain.com/red-sea-chaos-and-soaring-demand-push-maersks-profits-higher