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Maersk Asia chief sees 2-4pc growth next year, cheers idle fleet growth

MAERSK Line expects global container demand to grow two to four per cent next year, its Asia Pacific chief Robbert Van Trooijen, told the recent Global Liner Shipping Conference in Singapore.

Maersk Asia chief sees 2-4pc growth next year, cheers idle fleet growth

MAERSK Line expects global container demand to grow two to four per cent next year, its Asia Pacific chief Robbert Van Trooijen, told the recent Global Liner Shipping Conference in Singapore.

Maersk Asia chief sees 2-4pc growth next year, cheers idle fleet growth
26 September 2016 - 19:29

Maersk Asia chief sees 2-4pc growth next year, cheers idle fleet growth
MAERSK Line expects global container demand to grow two to four per cent next year, its Asia Pacific chief Robbert Van Trooijen, told the recent Global Liner Shipping Conference in Singapore.
Mr Van Trooijen said he was cheered to note a significant rise in the idle fleet, a bottoming out of short-term rates for Maersk Line in many regions - this despite a steady decline in the Shanghai spot rate.
There was also the possibility, he said, of renegotiating contracts at better rates across more trades, while a number of other carriers are facing stronger financial pressures. 
He added that Maersk Line would continue to focus on high utilisation rates for its vessels, otherwise there would be no money made, reported Lloyd's Loading List.
Mr Van Trooijen also noted that innovation in the industry would continue to come from the information technology side, citing changing patterns of product ordering in China and the US, where e-commerce has increasingly gained clout in the market.

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