You are here

SINGAPORE MARITIME WEEK

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

BT_20180427_HHMAERSK_3415079.jpg
Despite having undergone a massive consolidation, container shipping "is still a very competitive industry, with more than 10 global carriers still standing and new services added every week", Mr Skou says.

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...

sentifi.com

Market voices on: