Maersk is another barometers for the global economy. Their CEO
“If you look at the order book and what is going to come over the
next couple of years, I think we’re probably settling in for a very
subdued and pressured environment for two to three years ahead”
Posted by elementsix on 3rd of Nov 2023 at 10:56 am
Shipping - Climate change won't be helping either... drought
creating delays through Panama Canal. US exports a lot of LNG via
the canal. Potential for long term macro effect on trade.
Macro
Posted by steve on 3rd of Nov 2023 at 09:24 am
Maersk is another barometers for the global economy. Their CEO “If you look at the order book and what is going to come over the next couple of years, I think we’re probably settling in for a very subdued and pressured environment for two to three years ahead”
Shipping - Climate change won't
Posted by elementsix on 3rd of Nov 2023 at 10:56 am
Shipping - Climate change won't be helping either... drought creating delays through Panama Canal. US exports a lot of LNG via the canal. Potential for long term macro effect on trade.
https://www.cnbc.com/2023/11/03/panama-canal-drought-hits-new-crisis-level-amid-severe-el-nino.html
cnbc.com
Panama Canal drought hits new crisis level amid severe El Nino
As the Panama Canal deals with an ongoing drought and the worst El Nino in recent history, more than 40% of vessel traffic will be cut by February.