Maersk Increase Global Volume Share


Following recent news that Maersk had seen more than a US$30 million profit in Q1, 2016, it has also been able to increase its share of global shipping container volumes, despite the slump in freight rates and weak demand, according to

Alphaliner said: “Maersk’s decision to pursue market share contributed to a decline in freight rates. When most competitors were trying to curb capacity growth, Maersk deployed off-schedule extra loaders on both the Asia-Europe and trans-Pacific routes.”

PTI previously reported that Maersk Line expect the market to improve by Q3, 2016. Its vessels are currently full in the Asia-Europe trade.

Investors have also been able to make a profit after it was announced that Maersk’s shares had increased by 24%.

Most analysts said that shares were worth buying now, while the remainder believe that holding onto existing shares would be a good decision.

The company has recently decided to launch a direct service which aims to connect the West Coast of Latin America with Asia in a bid to reduce transit times and provide greater port coverage.

Nils Anderson, CEO of Maersk recently said that his business will continue adjusting its cost base to the new market conditions, as well as work to maintain good operational performance across the business.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Be listed with industry leaders operating within Ports and Terminals

Webinar Series

Join 500+ attendees on average with a Port Technology International webinar

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.