Maersk’s chief executive said freight rates had fallen significantly since the ‘good years’ that followed the Covid pandemic. Photo: Getty The global container shipping market faces overcapacity in the coming years and the rates paid by customers have fallen to an unsustainable level, Maersk CEO Vincent Clerc told the group’s annual meeting of shareholders yesterday. Maersk last month warned that container shipping overcapacity would hit profits this year, in contrast to the record earnings achieved in the wake of the Covid-19 pandemic. The post Shipping costs ‘unsustainably low’, warns Maersk CEO appeared first on BBNT.
Hence then, the article about shipping costs unsustainably low warns maersk ceo was published today ( ) and is available onBloomberg News Today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Shipping costs ‘unsustainably low’, warns Maersk CEO )