Maersk's Toft: 'handful' of lines to remain

Maersk Line's COO Soren Toft has envisioned a future where only a handful of giant container lines remain.

He told the Straits Times that acquisition activity could pick up again as growth slows.

“We expect that within - I cannot give a timeframe on it - that you will see maybe a handful of shipping companies, a little bit similar to what you see in the courier express and parcel industry, where there're really, you know, three global companies,” he was cited as saying.