Maersk Line: Prices unstable and under pressure

We will continue managing our capacity actively, as we have done this year, Lars Mikael Jensen, Head of Maersk Line activities on Asia-Europe, tells ShippingWatch as the market has seen clear signs that a new regular price war has begun.

Photo: Maersk Line

Maersk Line is determined to carry on its strategy of pulling out capacity of the presently much turbulent market between Asia and Europe just as the world’s largest container carrier will continue trying to maintain and increase the rate level. So says Maersk Line’s Head of Asia-Europe, Lars Mikael Jensen, in an interview with ShippingWatch as clear signs of a regular price war which cost Maersk and other large container carriers billions in lost earnings last year have broken out.

“We will continue managing our capacity actively, as we have done this year. We therefore also expect to announce capacity adjustments in connection with the upcoming slack season as well as continue our pricing initiatives," Lars Mikael Jensen from Maersk Line says.

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