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Maersk CEO ends four-year hiatus with plan to order new ships

Copenhagen

The world's biggest container line will order new ships for the first time in four years as the industry shakes off its worst crisis in four decades.

Nils Smedegaard Andersen, the chief executive officer of AP Moeller-Maersk, said the Danish company may focus on purchasing smaller vessels than it has bought in the past.

"The lower the oil price gets, the less benefit the larger ships offer," he said in an interview from Copenhagen. "We're not making long-term plans based on what the oil price...

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