DENMARK's
Maersk Line
is seeing a more balanced supply-demand situation for 2017, after years of
overcapacity and excessive optimism about demand given that the order backlog
for ships is declining and freight rates are rising.
The
bankruptcy of Hanjin Shipping and consolidation in the container shipping
industry will pave the way for a better year ahead for the industry, according
to the Asia-Pacific chief of Maersk Line, Robbert van Trooijen.
"It's
the growth side and the right-sizing of the industry, and the sanity that comes
back in the negotiations," Mr van Trooijen said in a Bloomberg Television
interview with Rishaad Salamat in Hong Kong. "We do see now that the
normalisation has come back to that."
Maersk
Line, which expects to be profitable in 2017 after a US$384 million loss it
booked last year, expects the global container market to grow two to four per
cent amid the consolidation wave.
Source
: HKSG.
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