Container shipping operators need to be on their best behaviour to avoid another downturn, according to AP Moller-Maersk chief executive Vincent Clerc.
The Danish liner giant expects a sharp drop in profitability in the second half of the year as long-term freight earnings fall.
Those declines have been manageable to date as Maersk and other operators have taken measures to roll back capacity and costs.
But there remains a significant risk from the supply side as carriers continue to order ships.
