Geopolitical turmoil hasn't dented global shipping, but port and trucking capacity constraints could mean delivery delays and higher prices, the heads of two of the world's biggest shipping firms told CNBC on Thursday.
Vincent Clerc, chief executive officer of Denmark's Maersk, said that despite the war in Iran and the impact of U.S. tariffs, there had been "incredible resilience of demand and ... incredible resilience of the economy which has led volumes to continue completely unabated."
However, bottlenecks on the land — from port terminals and cargo facilities to road and rail links — are causing congestion and pushing freight rates higher, he said.
"What we're seeing now is, as a result of underinvestment in landside infrastructure for the last 15 years and continued growth in traded volumes, we're starting to hit or stretch the limitations of what landside can actually cope with."
