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Maersk Line Seeks to Cut Unprofitable Contracts

Maersk Line Seeks to Cut Unprofitable Contracts

Wall Street Journal 19/11 00:05

Maersk Line, the world?s biggest container-shipping company by capacity, plans to cut unprofitable long-term contracts and raise its shipping rate again as weak demand and persistent overcapacity are likely to continue for at least two more years, a senior official at the company said.

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