High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
COPENHAGEN (Dow Jones)–Danish shipping and oil company A.P. Moller-Maersk A/S (MAERSK-B.KO) has ramped up its intra-Asia shipping operations significantly to benefit from strong growth in the region, reports Danish daily Berlingske Friday.
“The intra-Asia market is one of the fastest growing markets for container shipping. Our customers asked if we wanted to be a player in this market, and it goes without saying that we want to be a significant player in the traffic between Asian countries,” the paper cites MCC Transport Chief Commercial Officer Rupesh Jain as saying.
MCC Transport‘s historical roots lie in shipping company Bakke Sime Derby, which was acquired by Danish East Asiatic Company in 1988 and sold on to Maersk in 1993. It operates the intra-Asia routes exclusively.
Newspaper website: http://www.berlingske.com
-By Flemming Emil Hansen, Dow Jones Newswires
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