Maersk has no overcapacity concerns, upbeat on year ahead

DANISH shipping giant Maersk has an upbeat outlook on the year ahead and unlike other carriers expresses little fear about overcapacity as new tonnage floods the market worldwide.

Maersk route network chief Jorgen Harling told Reuters that he sees a well-balanced market, despite forecasts of a nine per cent increase global capacity.


"Even though there is uncertainty regarding the level of growth, the difference between supply and demand does not look worrying," said Mr Harling, adding that his company sees the global container market growing eight per cent this year.


The market, he said, corrects and adapts. "This is also our expectation regarding the tonnage which will come into the market in 2011," he said.


Maersk did not absorb new containerships in 2010, but from March until 2013, it will take in 38, earmarked for India-China-Africa service.


Earlier this week, Alphaliner said Maersk Line`s market share had shrunk to 14.5 per cent from 18 per cent in 2005.