Maersk CEO “We are going to defend our market”


A breaking video released by CNBC shows Nils Anderson, CEO of Maersk give his opinion on a sluggish industry and that he aims to hold onto the company’s 15% market share in the foreseeable future, telling the news network that he does not want Maersk Line to be “leapfrogged”.

Anderson states that the container trading part of the Maersk business is not performing well at the moment due to changes in inventories and European customers, as well as a devaluation of the Euro.

His solution is to begin pulling out capacity on the big shipping routes.

Asia-Europe is currently Maersk’s single biggest trade route and accounts for 40% of its global volumes.

Soren Skou, CEO of Maersk Line, recently made a call to the industry arguing that more consolidation is needed to handle the slump in demand growth.

The evidence here points to the fact that world trade growth has only increased by 2%, whereas big ship orders have grown by 9%.

Anderson told CNBC: “[We don’t want other liners] to be more aggressive on investments, so we are going to defend our market. ”

To watch the full video interview with Nils Anderson, click here

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