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Photo: /ritzau/Casper Holmenlund Christensen

Maersk Line's result is a concern for the entire industry

Container:

Maersk Line's deficit is symbolic of continued struggles throughout the container industry, analyst Lars Jensen tells ShippingWatch. He thinks that two things in particular are worrying about the numbers. CEO Søren Skou on the other hand stand firm on the forecast for the full-year 2017.


BY TOMAS KRISTIANSEN | LOUISE VOGDRUP-SCHMIDT
Published 11.05.17 at 15:54

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Most read Container

Major container liners invest in new digital platform

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Maersk Line lost a surprisingly large portion of the market in the past quarter during a time when rates have been booming. But this is not an expression of the carrier lacking ambition to maintain and defend its market share, says COO Søren Toft to ShippingWatch.

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Container:

Eight months after sealing the acquisition of Hamburg Süd, Maersk Line is still waiting for one crucial approval from regulators in Brazil.

First 20,000 teu container ship hits the water

Container:

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Maersk Line missed out on growth in the container market

Container:

CEO Søren Skou was unable to deliver what analysts, competitors, and undoubtedly shareholders had expected. The carrier has lost market shares at what looks like the worst possible time, observers note. Fully in line with expectations, says Skou.

Current front page

Maersk Supply is starting to see longer contracts

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Hard-pressed offshore carrier Maersk Supply Service recently signed an 18-month contract in Mexico and the carrier will soon be able to announce even longer contracts, CEO Steen S. Karstensen tells ShippingWatch. However, the tough market conditions will continue.

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Carriers:

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While German banks are battling to get rid of their bad shipping loans, Danske Bank is holding on to its portfolio, which is currently worth DKK 40 million. "We are not intending to reduce it," says Øivind Haraldsen, who is global head of shipping, to ShippingWatch.

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