Maersk lay-offs, lay-ups and cost-cutting no surprise to industry

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To be honest, it’s not much of a surprise that there’s no industry surprise at Maersk’s announcement yesterday that it is looking to axe 4,000 jobs and cancel more services. With freight rates so unsustainable on so many trades for such a long time, someone was always going to blink. And that’s no bad thing. What is perhaps more interesting is this article from Splash247 on the competitive position it will place Maersk, vis-à-vis its competitors, which are, of course, all facing the same pricing pressure.