News

Forwarding African Transport Services
Get in touch with usWhy choose us

Our News

Keep up to date with FATS news.

Container shipping earnings now rival Apple. It’s not a good look

Container shipping earnings now rival Apple. It’s not a good look

AP Moller-Maersk A/S, the world’s biggest container shipping line, was expected to make around $4.5 billion in operating profit in 2021, according to estimates at the start of the year by the financial analysts who follow the company. Their estimates have turned out to be totally wrong. Due to surging freight rates stemming from global supply chain snarl-ups, the Danish shipping giant is now predicted to make around $14.5 billion this year.

read more