Maersk Line chief executive, Nils Smedegaard Andersen, has stated that the shipping line’s current structure means that it has no need to fear the predicted overcapacity that will envelop the industry over the next four years.

Nevertheless, for the first three quarters of 2011, excess capacity has decreased freight rates by 9%, which means that the 222 container ships the company operates have fallen in value by 24% to $9.1bn.


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