Subscribe to RSS feedMaersk chief warns state bailouts pose serious recovery risk
by
Marcus Hand, Singapore
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last modified
Nov 13, 2009 09:22 AM
MAERSK Line chief executive Eivind Kolding has warned that state bailouts of shipping lines could delay a very necessary restructuring of the container shipping industry.
Mr Kolding told Lloyd’s List that opposition to state bailouts for shipping lines was a matter of principle.
“Market forces cannot get a chance to play themselves out,” he said.
“A restructuring that is very necessary will be...
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