In this May 3, 2020, file photo, containers are loaded on a ship at the Saigon port in Ho Chi Minh city, Vietnam. China and 14 other countries have agreed to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of the pandemic. The Regional Comprehensive Economic Partnership, or RCEP, is to be signed virtually on Sunday, Nov. 15, on the sidelines of the annual summit of the 10-nation Association of Southeast Asian Nations. (AP Photo/Hau Dinh, File)
COPENHAGEN, Denmark (AP) — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, said Wednesday that global container volumes increased by around 1% in the third quarter, a faster rebound than expected earlier in the year.
However, global demand for containers is expected to contract by 4-5% this year due to the COVID-19 pandemic.
The company said its third quarter revenue decreased by 1.4% to $9.9billion while its profit rose to $947 million from $520 million during the same period a year earlier.
CEO Soeren Skou said that “despite COVID-19 negatively affecting activities in most of our businesses, our disciplined execution of the strategy led to solid earnings and cash flow growth in Q3.”
He said that the group had managed to simplify the organization of its shipping unit and had closed the acquisition of KGH Customs Services, a Sweden-based specialist in trade and customs management services in Europe.
In a statement, the group said it looked “confidently past the extraordinary 2020."
"However we remain well aware of the high level of uncertainty the pandemic and associated lock downs continue to pose in the coming quarters,” the company said.
A.P. Moller-Maersk is based in Copenhagen, operates in 130 countries and employs roughly 80,000 people.
8 Artificial Intelligence Stocks That Will Make You Feel Like a Smart Investor
In 2018, it was cannabis. In 2019, it was 5G. And yet, before either of those trends, artificial intelligence (or AI) was growing relentlessly and undeniably.
Artificial intelligence stems from the simple fact that computers are getting smarter. And they are being designed to process information faster. The words “machine learning” are being used to summarize the creation of algorithms, freed from human programmers, which train themselves on massive data sets. This year, two separate artificial intelligence “machines” demonstrated the ability to “read” Wikipedia entries and answer questions better than humans did.
But AI is more than a parlor trick. Chances are, at some point today, you’ve experienced the benefit of artificial intelligence. You may have gotten to this page because of an internet search. You may have asked Alexa or your Google Assistant to perform a command. You may have voice-activated your Roomba vacuum. You may have used an AI-powered GPS to get to wherever you’re reading this.
In the future, you may be hailing an autonomous car. A virtual assistant will be able to place calls for you to make appointments. But instead of sounding like a robot, the assistant will sound human, with an understanding of context and nuance.
And those are just two applications. There will be more because the possibilities of artificial intelligence are expansive. But they can also be somewhat chilling. Many of the functions that are performed by humans today may be made obsolete by AI. But that’s a subject for another day.
Right now, you want to know how you can profit from this emerging trend.
You’ve come to the right place. In this special presentation, we will look at 8 stocks that can help you profit from the artificial intelligence trend.
View the "8 Artificial Intelligence Stocks That Will Make You Feel Like a Smart Investor".