Maersk APAC CEO Says Freight Rates Are Heading Upwards

The video discusses the recovery of freight rates, the impact of 2016 on the shipping industry, and the balance of supply and demand. It explores the role of shipping alliances, mergers, and acquisitions, particularly the acquisition of Hamburg Süd. The video also addresses the potential impact of protectionism on global trade, emphasizing the importance of globalization and the vested interest countries have in growing global trade.

What are the two main factors contributing to the recovery of freight rates?

• Increased number of ships and global economic decline

• Right-sizing of ships and global economic growth

• Decrease in shipping alliances and economic stagnation

• Overestimation of demand and reduced shipping capacity

What was a significant cause of the supply-demand imbalance in 2016?

• Reduction in shipbuilding activities

• Decrease in global shipping alliances

• Over-optimistic estimation of demand

• Underestimation of global trade

How many major shipping alliances are currently considered optimal in the industry?

• Five

• Four

• Three

• Two

What is a key focus in the acquisition of Hamburg Süd?

• Reducing the customer base

• Dissolving existing alliances

• Increasing operational costs

• Retaining and growing the customer base

What percentage of global GDP is attributed to global trade?

• 75%

• 45%

• 30%

• 60%