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.

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.

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

CBS launches board program for the shipping industry

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.

Further reading

Related articles

Latest news

See all jobs