A.P. Moeller-Maersk is the largest container ship operator and supply vessel operator in the world and has been since 1996. They would not have achieved that position if they didn’t make the right investments over the years. In their business, they have to invest billions of dollars to build their fleet of shipping vessels and they must be able to properly speculate if there was going to be a demand in the coming years for these new cargo ships. Failing to judge the future global markets properly could inevitably sink the company if they had a giant fleet of container ships they spent billions on building and there was no demand for them. So far, over the decades, Maersk has certainly been a great judge of the future global economic prospects and their track record speaks for itself.
The company must be confident in their speculation that the world’s economy is going to grow substantially in the next ten years or else they wouldn’t have embarked on building some of the world’s biggest shipping container vessels, the massive Triple-E series. At a cost of close to $200 million each, these state-of-the-art cargo ships have the capacity to carry 18,200 TEUs (twenty-foot-equivilant) containers. The first of twenty of these ships, the Mærsk Mc-Kinney Møller, was recently launched as is currently the biggest of it’s kind in the world. So far, it has been getting rave reviews everywhere it ports and the company is confident in their investment decision to build their giant fleet of cargo ships.
The global economy has still grown every year since the western financial crisis first began back in 2008 due mostly to the strength of the emerging markets around the world. That is where Maersk has concentrated their own growth strategies. It just makes good economic sense. Although there is a slowdown of growth in some emerging markets this year, the company is confident that their long-term projections will still unfold in the coming years.
“It’s a very important element of our company to identify, years in advance, which countries and regions will have the most growth,” he continued, “We still see Russia, sub-Saharan Africa, Latin America, Southeast Asia as the best opportunities for growth. This is where we’ll focus our investments.”- A vice president at APM Terminals
Emerging markets still hold the key to the continued growth of the overall global economy. While they may be slowing down this year to a certain degree, it is still expected that growth in these markets will continue at a pace that far exceeds that of the United States and many countries in the European Union. Once the west gets their economies back on track in the next few years, (barring another scandalous financial meltdown) the global economy will finally be able to reach it’s full potential and when it does, Maersk and their new giant vessels will be there to deliver the goods.