Maersk CEO Skou Doesn’t Expect Trade Growth to Pick Up in 2020

The video discusses the environmental impact of shipping, emphasizing its low CO2 emissions compared to other transport modes. It outlines the industry's goal to achieve zero emissions by 2050 through alternative fuels like alcohols and ammonia. The strategic planning required for such a transition is highlighted, considering the long lifespan of shipping assets. The video also examines the impact of changing trade dynamics, noting a slowdown in trade growth post-financial crisis. Geopolitical factors, such as the Malacca Strait's significance, are discussed, along with recent changes in freight rates due to cleaner fuel adoption.

What is the company's target year to achieve zero CO2 emissions?

• 2040

• 2050

• 2030

• 2060

Which alternative fuels are being considered to reduce CO2 emissions?

• Coal and Natural Gas

• Hydrogen and Solar

• Nuclear and Wind

• Alcohols and Ammonia

How has global trade growth changed since the financial crisis?

• It has decreased

• It has fluctuated unpredictably

• It has remained stable

• It has increased significantly

What is the current status of trade routes in the South China Sea?

• Partially open

• Completely blocked

• No significant impediments

• Severely restricted

Why have freight rates increased since October last year?

• Increased demand for shipping

• Switch to cleaner fuel

• Higher taxes on shipping

• Introduction of new shipping routes