Maersk CEO says container rates have fallen to unsustainable levels

By Thomson Reuters Mar 14, 2024 | 10:29 AM

COPENHAGEN (Reuters) – 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 on Thursday.

(Reporting by Terje Solsvik, editing by Louise Rasmussen)