Søren Skou sees only tentative signs of recovery
Global consolidation in the container sector is now seriously underway, but will in itself not impact the industry's biggest problem, namely overcapacity, says Maersk Line CEO Søren Skou. The Chief Executive points to only tentative improvements among the hard-pressed box carriers.
The good news about Wednesday's interim report from Maersk Line is that the carrier has conquered market shares, and that the costs of transporting forty-foot containers have dropped to around USD 2,000 apiece compared to a few years ago when the costs hovered at USD 3,000.
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.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Here is an overview of the Maersk Group Q3 report
For subscribers
Maersk Line projects full-year deficit for 2016
For subscribers
Søren Skou's plan for the new Maersk is ready
For subscribers
