COPENHAGEN—Shipping group Maersk expects 2022 earnings to be around as high as last year, it said on Wednesday, as the supply chain disruption that sent freight rates soaring extends into the first half. It expects underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) at around $24 billion this year, similar to last year, but…
Global Shipping Disrupted by COVID-19 Outbreak in China’s Southern Province
June 15, 2021
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Asia & PacificChinaChina Business & Economycontainer shortageglobal shippingGuangdongInternationalInternational RelationsWorldYatian
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The recent outbreak of COVID-19 in China’s southern province Guangdong has caused acute congestion at the region’s ports. Shipments have been delayed, which has severely disrupted global supply chains. Adding to that, the surge in the cost of sea freight from China since the end of last year has caused many Chinese companies to cancel…
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