Maersk Expects Healthier 2017 for Shippers

Photo: Maersk Line

By Aiswarya Lakshmi

Bloomberg quoted Robbert van Trooijen, APAC CEO of
Maersk Line, saying that the current year (2017) will be more
profitable than the last.

Post-Hanjin, ocean freight customers now stressing stability and
avoiding risk to supply chains, not just rates, he said.

"The bankruptcy of South Korea's Hanjin Shipping and a
consolidation in the container shipping industry will pave the
way for a better year for the industry," he told the
international news wire.

Maersk Line is seeing a more balanced supply-demand situation
this year in its talks with customers after years of overcapacity
and excessive optimism about demand.

Maersk Line expects to be profitable this year after a US$384
million (S$546 million) loss it booked last year. It also expects
the global container market to grow 2 per cent to 4 per cent amid
the consolidation wave.

Feb 11, 2017

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