Maersk CEO: Bad timing for Triple-E

For the first time, A.P. Moeller-Maersk CEO Nils Smedegaard states that the timing for the introduction of Maersk Line's Triple-E ships is not ideal. The statement comes after unsuccessful rate increases on Asia-Europa, and in light of the prospects of even further overcapacity on the route.
Photo: MAGNUS MØLLEr
Photo: MAGNUS MØLLEr
BY KATRINE GRØNVALD RAUN

Just a few months prior to inserting the world's largest container ship - Maersk Line's Triple-E, named after late shipowner Maersk McKinny-Moeller, CEO Nils Smedegaard admits that the timing of the launch of the massive ships could have been better. The statement came Thursday in an interview on american network CNBC.

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