Maersk unveils world's biggest ship in weak freight market

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The moment finally arrived at the end of last week: the first of Maersk’s new Triple-E 18,000teu container ships was named in South Korea. Christened Maersk McKinney Moller, the company’s chairman until his death a year ago, the vessel will shortly enter service on the Asia-Europe trade, where there is currently a surfeit of capacity. However, in this Reuters report, Maersk chief executive Soren Skou claimed that the recent decline in freight rates, unprecedented in their steepness, would be mitigated ...