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Maersk to stop ordering new vessels and focus instead on acquisitions

Saturday, September 24, 2016 - 05:50


THE owner of the world's largest container shipping line will stop ordering newly built vessels and instead pursue takeovers in an industry that has been plagued by overcapacity for almost a decade.

AP Moeller-Maersk A/S, whose Maersk Line unit has repeatedly broken the

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