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Kuehne+Nagel blames declining rates on Triple-E

Maersk's new giant container ships have helped make the declining rates worse on container shipping between Asia and Europe, says Kuehne+Nagel.

Maersk's new giant container ships have helped make the declining rates worse on container shipping between Asia and Europe. This is the clear cut accusation from Gerard van Kesteren, CFO of the world's largest forwarder in maritime transports, Kuehne+Nagel (K+N).

The first of the brand new Triple-E ships, with a capacity of 18,270 teu each, joined Maersk Line's fleet in third quarter and have been deployed on the route between the Far East and Northern Europe.

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