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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.

Photo: Maersk

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.

"Of course we're in the shipping industry as well as in the oil industry, so this is something of a perfect storm, but if you do your homework properly - and I believe that we have - we'll be ready to reap some benefits from this," he says in the interview.

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