Line, the world’s largest container shipping firm and a unit of Danish shipping
and oil group A.P. Moller-Maersk, said the global shipping industry is expected
to grow 7 to 8 percent this year.
“Asia is the factory of the world, so
Asia doesn’t grow anymore than the
Line’s Asia Pacific Chief Executive Jesper Praestensgaard told Reuters in an
interview on Wednesday.
the intra-Asia trade is growing relatively more than between the regions, so
Asia is probably more shielded from a downturn in the
Line, which operates over 500 container vessels and 1.9 million containers,
earlier this month ordered 16 ships for delivery in 2010-2012, in addition to
18 new ships ordered in June for 2011-2012 delivery, as it sees continued
strong shipping growth between the east coast of South America, Asia and
Moller-Maersk is planning to slash about half its container handling capacity
October, as the container shipping industry comes under pressure from a slowing
world economy and rising fuel prices.