ShippingWatch

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.

Photo: Carsten Bundgaard

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.

The bad news is that this development largely stems from the carrier being an active participant in the intense rate war raging between the liner carriers, a rate war which the world's largest container carrier has explicitly intensified in recent years.

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