Smedegaard downplays growth in container industry

Demand in the container industry will grow by around 3.5 to 4 percent, says A.P. Moeller-Maersk CEO Nils Smedegaard Andersen. A lower estimate than previous predictions.


A.P. Moeller-Maersk CEO Nils Smedegaard Andersen predicts that demand in the container industry will grow by around 3.5 to 4 percent, he tells TV station CNBC at the World Economic Forum in Davos, according to Bloomberg News.

This estimate is somewhat lower than previous predictions from the Maersk Group. At its Capital Markets Day the Group pointed to a 4-6 percent growth in demand in 2014 and 2015, while market capacity in those years was estimated to grow by 7 percent and 5 percent, respectively.

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

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Further reading

Related articles

Latest news

See all jobs