Container

Seago Line plagued by rate pressure from major carriers

The Maersk-owned container carrier on European services was close to a halving of its result last year. The CEO attributes this development to increasing competition from other feeder carriers as well as from global carriers.
by OLE ANDERSEN

Maersk-owned Seago Line, which operates on European short sea and feeder services, booked a result of USD 75 million in 2016. This is a major drop from the previous year in which the carrier delivered a profit of USD 140 million.

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