ShippingWatch

Nils Smedegaard: Lower global growth should concern us

An even lower growth in the global economy frames second edition of the executive summit Danish Maritime Forum. ShippingWatch interviews Maersk Group CEO Nils Smedegaard Andersen about the prospects for the industry facing the lowest Chinese growth in 25 years.

"Navigating in Challenging Waters" is the headlines at this year's Danish Maritime Forum, at which approximately 200 CEOs and leading decision-makers from the global maritime industry are gathered in Copenhagen.

In addition to a strong eastern wind whipping the waves in the harbor into foam and almost shaking the Terminal 1 building in Copenhagen's north harbor, where the Forum takes place this year, another downgraded forecast for developments in the global economy underpins this year's theme. The International Monetary Fund, IMF, has just lowered its forecast for global growth this year and next year by 0.2 percent, citing the low growth in China, which estimates now say could slide to a 25-year low.

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