ShippingWatch

One number matters above all to the Maersk Group on Wednesday

All eyes will be on one piece of information when the Maersk Group on Wednesday morning at 8AM (CET) presents the group's result for 2015. ShippingWatch points to the challenges that lie ahead for Maersk Group, which is under more pressure than the conglomerate has seen in years.

Photo: Maersk Line

After the downgrade of USD 600 million three and a half months ago at Maersk Line, followed by layoffs of 4,000 employees, all attention from analysts and the global container industry will now be on the Maersk Line executive management's projections for 2016 when the group releases its annual report on Wednesday. 2016 has already been appointed a new chapter in the container sector horror story, which is otherwise the Maersk Group's most prominent business area, and which will be hit by severe overcapacity not just this year but for several years ahead as well as a weakening demand in line with lower economic growth in China and other parts of the world.

Nordea: Maersk Line has drastically reduced its fleet

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

Further reading

Related articles

Latest news

See all jobs