Maersk Tankers, like other tank players in the shipping industry, is going through a hard time, and the company does not expect any improvements within the next couple of years, says Nils Smedegaard, CEO of A.P. Moeller-Maersk, in relation to the company's annual report, published today.
"I said on the capital markets day that we were skeptical about the coming years in tanker shipping, and we remain skeptical. We need to hang on to that for a while. It's a cyclical industry, and better years will come," says Nils Smedegaard on a conference call.