Maersk CEO sees no risk of intervention in container market

While US authorities in particular are stepping up their scrutiny of the container market and its exorbitant prices, Maersk CEO Søren Skou has his own assessment of the risk of a market intervention. There's no chance of it happening, he says.

Photo: Ida Marie Odgaard

"How would you carry out an intervention in the container market?" asks Maersk CEO Søren Skou rhetorically.

If the authorities force price cuts on a service because the prices are deemed too high, he elaborates, then the carriers will merely shift their vessels to whichever sector has the better prices. As long as the demand cannot be satiated, the sellers dictate the terms.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs