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  Volume: XXII, Issue No. 19 May 16-31, 2013  
     
 
   
 
   
  CARGO & SHIPPING
  Maersk sees 3pc drop in Asia-Europe volumes
 
 
  Untitled Document
_A Monitor Report
Dhaka : The head of Maersk Line, the world's biggest container shipping company and a unit of Danish group A P Moller-Maersk, said that container exports from Asia to Europe are likely to drop three per cent this year.
"In 2012, growth rates have come down across the board," Maersk Line chief executive Soren Skou told Lloyd's List, "If lines keep piling on capacity, we are heading straight for a new rate war."
Maersk Line swung back to profit in the second quarter on a recovery in freight rates, and the group forecast "a modest positive result" for its container shipping arm in 2012 based on higher average rates in the second half of the year.
   
 
 
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