World leading liner looks to offer greater dexterity
Maersk Line is reportedly in talks with China’s Jiangnan Shipyard as it looks to acquire ten containerships, according to reports.
The world leading Danish liner is looking to acquire vessels that move cargo to and from much bigger vessels at sea, adding to a trend recently seen in liner shipping.
In an extremely turbulent market, the top ten liners have solidified, despite some high profile casualties, and look to be dominating the market.
Part of this growing domination is the acquisition of feeder vessels which allow liners to offer dexterity.
As well as a raft of alliances, the world’s major liners recently created an association to share data and practices, heralding a long sought call to collaborate on standards.
Such a move further solidifies the top liners as the leading voices in the supply chain, and affords them the opportunity to create new business models.
Despite recent gains in its Q3 report, world-leading liner Maersk Line has stated that the ongoing trade war between the US and China is having, and will continue to have, a highly detrimental effect on container shipping.
According to reports, Maersk believes that the global container trade could plummet by 0.5%-2% by 2020.
Figures show that that container trade has already dropped 1.9% since Q2.
Given the current economic landscape, Maersk has lowered its earnings for the year and expects to hit around US$4 billion, about half a billion less than originally forecasted.
Read more: Maersk Warns of Trade War Storm