Vincent Clerc sees risk of a price war between major carriers
Maersk’s chief executive expects there will be overcapacity of ships for up to three years. ”There is a possibility that it could turn into a price war,” he says.
Maersk warns that major liner companies are undercutting each other and that it could potentially turn into a price war if the current slump persists.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
