On the wires: The pointless Maersk vs MSC race
It is perhaps more commonly known as appreciating the laws of diminishing returns.
“Liner shipping has had a difficult time in the last few years, but PIL has overcome these challenges. We and the other liner companies are now well positioned to benefit from a market upturn. We retain a positive outlook for our business and our industry.” – SS Teo, executive chairman of Pacific International Lines (PIL), replies coverage from Lloyd’s List (LL), 13 January 2020.
Without doubt, one of the biggest highlights of the week for the container shipping industry in pure news ...