Smedegaard: The oil market is in a supply shock

The Maersk Group is ready to make the best of the low oil prices, says Maersk Group CEO Nils Smedegaard Andersen in a television interview with CNBC in which he explains that the oil market is suffering from a supply shock. Find the interview here.

BY RITZAU FINANS

The low oil prices have taken their toll on numerous companies in the sector, but shipping conglomerate A.P. Moeller-Maersk is in a strong position to benefit from the situation, explains Group CEO Nils Smedegaard Andersen in an interview with CNBC.

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