Tech
How Maersk Is Navigating The Volatile Shipping Industry
Each year, about 90% of world trade is transported by ship. While commodities like oil and grain make up 40% of that cargo, large steel containers, filled with appliances, smartphones, and couches, make up the remainder. Maersk, the world’s second largest container shipping company, transports about one in five of those containers.
In addition to its fleet of over 670 vessels, the Danish-based carrier also runs one of the globe’s largest port terminal businesses, with 64 terminals. Maersk logged record profits of $29.3 billion in 2022 due in part to pandemic-induced buying and higher freight rates.
But the company is flagging “high uncertainty” for the year ahead as a shift in consumer spending habits has brought revenue in line with pre-pandemic levels. Today, like its rivals, Maersk faces a range of challenges including attacks on vessels in the Red Sea, a drought at the Panama Canal, and the threat of higher tariffs related to a potential Trump presidency.
The company also chartered the vessel that crashed into the Francis Scott Key Bridge causing the structure to collapse and the Port of Baltimore to close.
CNBC explores how Maersk’s business has evolved and how it is navigating the many challenges the shipping industry faces today.
Chapters:
0:00 Introduction
2:44 Chapter 1: Global challenges
5:38 Chapter 2: The early days
8:43 Chapter 3: Pivoting to land
Produced by: Shawn Baldwin
Edited by: Nic Golden Henry
Supervising Producer: Jeniece Pettitt
Additional Reporting: Lori Ann LaRocco
Animation: Christina Locopo
Additional Footage: Getty Images, Maersk
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How Maersk Is Navigating The Volatile Shipping Industry
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Thermal batteries could be the next big thing in energy storage, and companies like Rondo Energy and Antora Energy are betting big on them. Instead of using materials like lithium, these systems store excess electricity as heat in things like bricks or graphite, reaching over 3,000°F. That heat can then power factories or even be converted back into electricity. Rondo, backed by investors like Bill Gates, is scaling quickly, aiming to produce enough thermal batteries by 2027 to cut 12 million tons of CO₂ emissions. While challenges like production growth and market adoption remain, thermal batteries could play a critical role in decarbonizing industrial manufacturing for products like steel and cement.
Chapters:
00:00 – The heat battery revolution
07:00 – Thermal battery startups
08:34 – What’s next
Credits:
Produced and Edited by: Lisa Setyon
Supervising Producer: Jeniece Pettitt
Narration: Magdalena Petrova
Production support: Magdalena Petrova, Erin Black, Shawn Baldwin
Camera: John Beatty
Animation: Jason Reginato
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How Thermal Batteries Could Replace Lithium-Ion Batteries
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It can be difficult for any business to succeed, but Black entrepreneurs have historically faced unique challenges. Despite, buy-black campaigns, grants, and other resources, 8 out of 10 Black-owned businesses fail within the first 18 months. So why do Black entrepreneurs continue to lag behind whites and other minority groups in terms of market share, and what will it take to keep them in business?
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