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"It's easy for Biden to blame the no-good foreigners"

The container industry – and Maersk – is under pressure from customers and politicians, who argue that carriers are benefitting from attractive and unfair business terms. Maersk CEO Søren Skou rejects the criticism and doubts the EU will change the special competition regulation employed by the sector.

Photo: Ida Marie Odgaard

Maersk CEO Søren Skou brushes aside criticism voiced by both customers and politicians to an increasing extent over the last months, namely that container carriers benefit from very lucrative tax and competition terms and furthermore charge too much for their services.

Prior to the summer vacation, US President Joe Biden leveled an unusually sharp criticism toward container carriers’ price levels, which are impacting US export companies. Then the OECD argued that the beneficial competition regulation under the so-called Block Exemption Regulation (BER) enables carriers to bring in money to such an extent – compared to other players – that they have exorbitant means available to make acquisitions within, for instance, the logistics sector.

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