Maersk Line CEO warns of new era in shipping

The future will bring a new era for the shipping industry, which should be prepared for permanently lower growth rates, says Maersk Line CEO Søren Skou.

BY KATRINE GRØNVALD RAUN

Published: 18.07.13 at 14:39

Shipping will have to get used to new times, says Maersk Line CEO Søren Skou, who warns of permanently lower growth rates for the industry in years to come. The announcement comes in the same week Maersk Line launched its first Triple-E ship on the route between Asia and Europe.

“I think the reality is that our industry has to get used to lower growth than we had in the past," he tells Financial Times, referring to the fact that shipping will have to be prepared for a demand half the size of what it's seen in the past twenty years.

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