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The “violence” of the third container freight rate war in eight years was “quite shocking”, said Maersk Line chief commercial officer Vincent Clerc today at the AP Møller Maersk Capital Markets Day in Copenhagen.

And to help avoid further price battles, chief financial, strategy & transformation officer Jakob Stausholm said: “Our intent is to create a digital world of logistics.”

However, he admitted that transforming the 100-year-old company into the digital world would not be easy.

At the annual investor event, APMM executives also provided more colour on the company’s ...

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