The chief executive of Danish shipping group Maersk Line said Thursday it misjudged the strength in demand for container shipping, which has proven far more sluggish than it expected when it ordered billions of dollars' worth of new vessels two years ago.
The world's biggest container shipper is now counting on the planned P3 cargo-sharing alliance with European rivals CMA CGM and Mediterranean Shipping Co. to cut costs and reduce the number of their ships plying major routes between Europe and Asia to 250 from 300, Soren Skou said in an interview with The Wall Street Journal.
Shipping Lines Call for Rate Hikes Recycling Today Shipping lines in the Transpacific Stabilization Agreement (TSA) Westbound section are calling for rate increases in a number of commodity categories that the shipping lines say have seen rate...
TOS- Terminal System ImplementationHard questions need a common language 19 Jun 2013, PORT STRATEGY TOS implementation gives you a chance to examine processes You may think you know what you want from a TOS, but a lot comes down to negotiation to...
Biggest Shipping Line Says Emerging Market Warnings Misplaced Bloomberg A.P. Moeller-Maersk A/S, owner of the world's biggest shipping line, said concern that emerging markets are losing their growth momentum is overdone.
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