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Govt subsidies not needed for int'l shipping, says Maersk Line CEO

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Published Thu, Apr 26, 2018 · 09:50 PM

    Singapore

    GOVERNMENTS no longer need to subsidise or fund international shipping, which operates in "a competitive and effective market", Maersk Line CEO Søren Skou said on Thursday.

    Mr Skou added, while addressing maritime leaders at this year's Singapore Maritime Lecture, that governments have "almost" exited container shipping on realising there is a functioning international shipping market.

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