Maersk to lay up 25 boxships

摘要

Denmark's Maersk Line is expected to pull out as many as 25 containerships from the market this year. Maersk's CEO Eiving Kolding said that Maersk would continue to fight for its market share, despite pulling out ships of capacity between 4,300TEU and 8,000TEU. According to sources, Mr Kolding told Reuters that the company would not let its market share decline. He also said that he" expected most other container shipping companies would see red figures this year. "When the rates drop as they have been, it will, even with the initiatives that we have taken, be very, very difficult for us...to earn money in 2009," he was quoted as saying by Reuters.