Maersk Line Singapore: 2013 will be difficult

Maersk Line Singapore expects that 2013 will be another difficult year. The important Europe string is not expected to show growth before the second half of the year, while the signs out of Africa and South America are more positive.

Photo: Maersk Line

Maersk Line's Asian headquarters in Singapore are prepared for 2013 to be another difficult year. At best, zero growth is expected on the important string between Europe and Asia for the first half of the year, and low positive growth is expected in the second half of the year, says CEO of Maersk Line Asia and the Pacific, Thomas Knudsen, to ShippingWatch. The bright spots are the routes to Africa, South America, and the United States, which are expected to contribute with positive developments, while there is a series of initiatives in the pipeline that will ensure a positive result in spite of zero growth.

"We've gotten an OK start to the new year, but we don't expect any positive developments in Europe before the second half of 2013. The Mediterranean, in particular, looks negative, while expectations for Northern Europe are more optimistic," says Thomas Knudsen.

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