News / Maersk confident of contract integrity, as it builds $19bn M&A war-chest

Group chief executive Soren Skou

Maersk CEO Soren Skou told investors today he remained “confident” about the shipping line’s contracted customers sticking with their agreements, despite a backdrop of softer demand and container spot rates declining.

He said his confidence in the integrity of the contract business, which now represents some 70% of of the carrier’s volumes, was in the make-up of its top-200 client portfolio.

Mr Skou said: “What’s important to understand when you look at our portfolio today is that it is heavily weighted towards ...