Maersk CEO Counts the Cost of Russia Exit

The transcript discusses the financial impact of decisions related to Russia, highlighting a $700 million loss and the divestment of assets. It provides an update on the container market, noting ongoing congestion and the potential for normalization in the second half of the year. The impact of China's COVID-19 lockdowns on freight rates and logistics is also examined. Additionally, the transcript covers the company's logistics growth and M&A strategy, emphasizing the integration of recent acquisitions and plans for future expansion.

What percentage of Maersk's turnover is affected by its Russian business?

• 10%

• 2%

• 15%

• 5%

What is one of the main challenges affecting the global container market?

• Excessive shipping capacity

• Labor shortages and port congestion

• Decreased consumer demand

• Overproduction of goods

How has Maersk adjusted its business model in response to freight rate fluctuations?

• Focused on long-term contracts

• Increased reliance on short-term contracts

• Reduced shipping routes

• Increased shipping rates

What is the primary strategy of China to combat COVID-19, as mentioned in the transcript?

• Vaccination campaigns

• Strong lockdown measures

• Herd immunity

• International travel bans

Which US coast is experiencing increased congestion according to the transcript?

• North Coast

• Gulf Coast

• East Coast

• West Coast

What percentage of Maersk's logistics growth in the first quarter was organic?

• 40%

• 30%

• 20%

• 10%

What is Maersk's goal in terms of its logistics services?

• To focus solely on shipping

• To become a fully integrated logistics provider

• To reduce logistics operations

• To outsource logistics services