ShippingWatch

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

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.

"These ships constitute a faily large addition of capacity, but they'll be inserted gradually. This is not the best time to add more capacity, which is why we're also pulling capacity out of the market. Some of the smaller ships will be taken out," he said.

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