Moller-Maersk Rules Out Intra-Asia Fleet Expansion


News : Danish shipping services provider Moller-Maersk ' s Asia-focus ed feeder service MCC Transport has ruled out making purchases to increase the size of its fleet, according to Hellenic Shipping News. The decision to halt efforts to incre ase fleet size has been attributed to the industry ' s depressed rates, which could lead to companies with larger fleets becoming overexposed in the market as growth outstrips demand. The company is instead seeking to grow by forming new partnerships.

This article is tagged to:
Sector: Shipping
Geography: Denmark