U.S. News (August 3)
“A surge in consumer demand and pandemic-related logjams holding up containers in key ports had boosted freight rates and profits in the shipping industry in recent quarters, yet the cost of living crisis has reversed that trend.” Shipping giant Maersk, which controls 17% of the container shipping market “expects global container demand to fall this year as sales of durable goods come to a ‘standstill.’” Inflation, “dented consumer demand” and the weaker economy “could lead to a normalization of the global shipping market towards the end of the year.”
Tags: Containers, Crisis, Demand, Durable goods, Freight rates. Profits, Inflation, Logjams, Maersk, Normalization, Pandemic, Ports, Shipping industry, Surge
Investment Week (February 7)
“New analysis of climate pledges by 25 of the world’s largest companies has revealed that the majority cannot be taken ‘at face value’ and ‘exaggerate their actions’, with many only committing to reduce their emissions by 40% on average, not the 100% they claim.” The Corporate Climate Responsibility Monitor found that of the 25 companies, only Maersk’s net-zero pledge has “reasonable integrity.”
Tags: Analysis, Claim, Climate pledges, Committing, Corporate Climate Responsibility Monitor, Emissions, Exaggerate, Integrity, Maersk, Net-zero pledge, Revealed
