Latest news with #Clerc
Yahoo
a day ago
- Business
- Yahoo
Maersk Lifts 2025 Outlook as Global Container Market Defies Tariff Turbulence
Maersk leadership is feeling better about the remainder of 2025 as the global container market has shown resilience amid ongoing tariff whiplash. The Danish ocean carrier giant now expects worldwide container market growth to expand between 2 percent and 4 percent for the full year, raising the bottom end of the range from a 1 percent contraction. More from Sourcing Journal Tariffs Could Deliver 'Crippling Blow' to India's Fashion Producers US Ambassador Calls Panama Ports Owner 'A Bad Operator' as Cosco Rumors Ramp Up China's Exports Surge as Global Trump Tariffs Take Effect Amid the improved outlook, Maersk highlighted that the market demand has been resilient across all markets outside of North America. Both ends of the guidance assume 'a fairly continued, sluggish' U.S. market for the rest of the year, according to CEO Vincent Clerc. The projection follows President Donald Trump's sweeping 'reciprocal' tariffs on global U.S. trade partners, which officially took effect Thursday after a 90-day negotiation period ended Aug. 1. The U.S. and China have held talks in Stockholm where officials discussed a possible extension of a 90-day tariffs pause due to expire on Aug. 12. Although the China-to-U.S. trade lane has been by far the most impacted by President Trump's tariffs, China's export economy has remained robust, with Clerc calling it 'the engine behind stronger demand growth.' Chinese exports grew 7.2 percent year over year in July, accelerating over the 5.8 percent increase in June and May's 4.8 percent bump. Other regions are pulling their weight in propping up the container market, Maersk said. According to the container shipping company's second quarter earnings report, the contraction in North American imports was 'more than offset' by strong import growth into Europe, Latin America, West-Central Asia and Africa. In the second quarter, global container demand is estimated to have increased between 3 percent and 5 percent year-on-year, according to Maersk. Maersk's total revenue rose 2.8 percent year-over-year to $13.1 billion from the year prior on $845 million in earnings before interest and taxes (EBIT). Ocean revenue increased 2.4 percent to $8.6 billion. Maersk boosted its profit outlook as the carrier saw its ocean volumes increase 4.2 percent from the year prior and demurrage and detention revenues increased 20 percent. 'When you see a deceleration of demand, there tends to be more demurrage because customers are slower at picking up their containers,' said Clerc. 'When the economy heads strongly up, then you see actually less demurrage because customers are eager to pull their containers and get the goods moving through supply chain. So what we had is higher demurrage revenue because of a lot was dictated by the uncertainty on tariffs.' Maersk now expects underlying EBIT between $2 billion and $3.5 billion, up from the prior EBIT range of $0 to $3 billion. Throughout Thursday's earnings call, Clerc touched on other major goings on across the supply chain that have impacted the wider container market. With the Houthis relaunching their attacks on commercial ships in July and threatening to target Israeli-affiliated vessels, Red Sea disruption is still expected to last for the full year. Clerc said a reopening of activities looks 'unlikely,' which has been consistent with the liner's mentality since the start of the crisis in late 2023. Clerc also commented on the elevated port congestion that has been seen through Europe in 2025. 'Given the growth that there has been, there is a general undercapacity in terms of ports in Europe, where we're starting to feel more points of congestion that are impeding the networks,' Clerc said. 'This is the results of terminal capacity being added over the last 15-20 years at a slower pace than market. At some point, something is bound to happen.' According to the CEO, the European congestion is 'likely to be to be with us for a while in some shape form,' for a few years. Maersk also completed its full phase-in of the Gemini Cooperation in the second quarter, achieving 90 percent schedule reliability for the first five months since the vessel-sharing alliance with Hapag-Lloyd began. When asked if the carriers would begin charging premium rates, Clerc said that was 'too early,' and that the liners had to prove to customers that they would always be able to deliver on the high reliability promise before making such pricing changes. 'We need to sustain this for a while and then we need to move towards a more commercial discussion. I think it's premature at this stage,' said Clerc. 'I don't think customers have experienced this long enough that they're ready to entertain such a discussion, but it is something that is going to come.'
Sydney Morning Herald
06-06-2025
- Entertainment
- Sydney Morning Herald
‘There's always one person': The show taking a funny and frank look at filmmaking
Among the boundary-pushing new dramas selected for Screen Australia and SBS' Digital Originals initiative this 50th anniversary year of the Special Broadcasting Service is one that goes inside the industry itself. Based on the professional experiences of its Nyul Nyul/Yawuru creator and co-director Jub Clerc, Warm Props is a funny and scathing look at cultural ignorance and exploitation within filmmaking, alongside a moving homecoming story. 'There's definitely been some things that have happened on sets that have caught me by surprise,' says Clerc. 'Sometimes it's a mistake – people just not being educated about First Nations culture. It becomes problematic because when you're the only First Nations person on set, you don't just work your job, you work the job of cultural advisor … 'The majority of cast and crew are just golden. But unfortunately, there's always one person who spoils it for everybody. This film is exposing people in the industry that take cultural appreciation too far, or who are unconsciously biased, culturally blind or outright racist.' Loading A film within a film set in Broome, Warm Props – its title refers to the industry slang for extras – stars Yolngu actor Rarriwuy Hick (Wentworth, True Colours) as local identity Aunty Jilby, and newcomer Tehya Makani, a Yawuru/Wadjarri, Pitjanjarra and Wadjuk actor, as Charlie, a 'warm props wrangler'. The pair share a painful family history and are forced to confront their rift while working on an autobiographical film by a narcissistic white 'writer/director/producer' named Keith, who believes he has acquired a 'bush name' from a local mob and therefore identifies as Aboriginal, trampling all over cultural customs in the process. Clerc says there was only ever one actor for this unforgiving role: Mystery Road actor Peter Docker. 'Peter Docker is a great ally,' says Clerc. 'So I knew there would be no moment in any of our conversations where his white fragility would step up and go, 'Oh, but we don't do that!' I knew I could just talk to him and there wouldn't be any cotton-ball babysitting.'
The Age
06-06-2025
- Entertainment
- The Age
‘There's always one person': The show taking a funny and frank look at filmmaking
Among the boundary-pushing new dramas selected for Screen Australia and SBS' Digital Originals initiative this 50th anniversary year of the Special Broadcasting Service is one that goes inside the industry itself. Based on the professional experiences of its Nyul Nyul/Yawuru creator and co-director Jub Clerc, Warm Props is a funny and scathing look at cultural ignorance and exploitation within filmmaking, alongside a moving homecoming story. 'There's definitely been some things that have happened on sets that have caught me by surprise,' says Clerc. 'Sometimes it's a mistake – people just not being educated about First Nations culture. It becomes problematic because when you're the only First Nations person on set, you don't just work your job, you work the job of cultural advisor … 'The majority of cast and crew are just golden. But unfortunately, there's always one person who spoils it for everybody. This film is exposing people in the industry that take cultural appreciation too far, or who are unconsciously biased, culturally blind or outright racist.' Loading A film within a film set in Broome, Warm Props – its title refers to the industry slang for extras – stars Yolngu actor Rarriwuy Hick (Wentworth, True Colours) as local identity Aunty Jilby, and newcomer Tehya Makani, a Yawuru/Wadjarri, Pitjanjarra and Wadjuk actor, as Charlie, a 'warm props wrangler'. The pair share a painful family history and are forced to confront their rift while working on an autobiographical film by a narcissistic white 'writer/director/producer' named Keith, who believes he has acquired a 'bush name' from a local mob and therefore identifies as Aboriginal, trampling all over cultural customs in the process. Clerc says there was only ever one actor for this unforgiving role: Mystery Road actor Peter Docker. 'Peter Docker is a great ally,' says Clerc. 'So I knew there would be no moment in any of our conversations where his white fragility would step up and go, 'Oh, but we don't do that!' I knew I could just talk to him and there wouldn't be any cotton-ball babysitting.'
Yahoo
28-05-2025
- General
- Yahoo
French street artist imprisoned in Azerbaijan is freed after 14 months
A French street artist who had been sentenced to three years in prison in Azerbaijan for painting a graffiti in the Baku metro has been pardoned and freed, French authorities announced Tuesday. Théo Clerc, 38, has returned to France following 422 days in detention after he was pardoned by Azerbaijan's President Ilham Aliyev, France's Foreign Minister Jean-Noël Barrot told lawmakers. In a message posted on X, Barrot said that Clerc was 'back in France, after 422 days in detention.' He added: "It is the honor and pride of French diplomacy and its representatives to have worked tirelessly for his release.' For her part, the entourage of the European Union's head of diplomacy, Kaja Kallas, announced that she had contributed to the Frenchman's release by pleading his cause during a recent visit to Azerbaijan. This release 'illustrates the effects of discreet diplomacy and respectful dialogue,' said Kallas in a message on X. French authorities had complained in September that Clerc was submitted to 'discriminatory treatment," because two co-defendants who were accused of the same offense – a New Zealander and an Australian - only received 'simple fines' for the same offences. In September 2024, the Quai d'Orsay condemned the 'arbitrary and blatantly discriminatory treatment' of Théo Clerc. The street artist's conviction provoked outrage in France, which called on its citizens to refrain from travelling to Azerbaijan unless absolutely necessary. Indeed, France has advised its citizens against traveling to Azerbaijan because of a lack of legal protections and the risk of 'arbitrary detention and unfair sentencing." Another French citizen, Martin Ryan, is currently being held in Azerbaijan on espionage charges - charges which have been rejected by Paris. French-Azerbaijani relations have been strained ever since Azerbaijan completely retook the Nagorno-Karabakh region following a lightning offensive in September 2023, which led to the exodus of more than 100,000 Armenians. Baku accuses Paris of supporting Armenia, while France accuses Azerbaijan of interfering in its overseas territories - allegations that the latter rejects.
Euronews
28-05-2025
- Politics
- Euronews
French street artist imprisoned in Azerbaijan is freed after 14 months
A French street artist who had been sentenced to three years in prison in Azerbaijan for painting a graffiti in the Baku metro has been pardoned and freed, French authorities announced Tuesday. Théo Clerc, 38, has returned to France following 422 days in detention after he was pardoned by Azerbaijan's President Ilham Aliyev, France's Foreign Minister Jean-Noël Barrot told lawmakers. In a message posted on X, Barrot said that Clerc was 'back in France, after 422 days in detention.' He added: "It is the honor and pride of French diplomacy and its representatives to have worked tirelessly for his release.' For her part, the entourage of the European Union's head of diplomacy, Kaja Kallas, announced that she had contributed to the Frenchman's release by pleading his cause during a recent visit to Azerbaijan. This release 'illustrates the effects of discreet diplomacy and respectful dialogue,' said Kallas in a message on X. French authorities had complained in September that Clerc was submitted to 'discriminatory treatment," because two co-defendants who were accused of the same offense – a New Zealander and an Australian - only received 'simple fines' for the same offences. In September 2024, the Quai d'Orsay condemned the 'arbitrary and blatantly discriminatory treatment' of Théo Clerc. The street artist's conviction provoked outrage in France, which called on its citizens to refrain from travelling to Azerbaijan unless absolutely necessary. Indeed, France has advised its citizens against traveling to Azerbaijan because of a lack of legal protections and the risk of 'arbitrary detention and unfair sentencing." Another French citizen, Martin Ryan, is currently being held in Azerbaijan on espionage charges - charges which have been rejected by Paris. French-Azerbaijani relations have been strained ever since Azerbaijan completely retook the Nagorno-Karabakh region following a lightning offensive in September 2023, which led to the exodus of more than 100,000 Armenians. Baku accuses Paris of supporting Armenia, while France accuses Azerbaijan of interfering in its overseas territories - allegations that the latter rejects.
