Maersk Line will delve into a “vast tool box” to drive down costs as it strives to remain profitable in an era of falling freight rates, says chief executive Soren Skou.
The strategy forms part of Maersk’s planned implementation of its 2M Vessel Sharing Agreement (VSA) with Mediterranean Shipping Co (MSC) that should — pending approval from US regulators on 11 October — unlock the door to greater efficiencies over the next 10 years.
The
