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.

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