Maersk reported Q’21 preliminary revenues of $12.4 billion, including freight volume growth of 5.7% and average achieved shipping rates of 35% compared to a year earlier. The container lines’ growth has been driven by a surge in Transpacific eastbound volumes which rose by 94.5% year over year in Q1’21 and by 48.4% compared to Q1’19. The firm has noted that it expects “exceptional market situation now expected to continue well into Q4’21”, leading it to increase its guidance range for global volume growth by 2% to 4%. The lengthy continuation ...