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2021 TIME100 Most Influential Companies

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MAERSK


SHIPPING THE WORLD’S STUFF

A Mærsk container ship docked in Los Angeles, 2018.
Courtesy Maersk
By Alison Van Houten
April 26, 2021 11:09 AM EDT

Amid 2020’s supply-chain disruptions—clogged ports, limited flights, and sick
and quarantined workers—this Danish logistics company, which has the greatest
sea-cargo capacity in the world, still managed to ship almost 13 million
containers filled with PPE, exercise equipment, work-from-home essentials and
more. Lined up, the 40-ft. containers would circle the earth nearly four times.
Those moves (coupled with average freight rates increasing by 18%) helped
Maersk’s ocean sector hit record-high gross revenue, raking in $2.7 billion in
the fourth quarter alone. On top of that, the company says it will use its
refrigerated fleet to help distribute vaccines globally.

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