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.

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