BRIEF: Maersk CEO: Sees shipping under pressure in 2010

Thu Nov 12, 2009 7:58am GMT
 
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COPENHAGEN, Nov 12 (Reuters) - The head of Danish shipping and oil group A.P. Moller-Maersk (MAERSKb.CO), Nils Smedegaard Andersen, said on Thursday:

* Average Q3 freight rates were below average H1 rates

* Not even most efficient container shippers can make money at current freight rates

* Expects container and tanker shipping to remain under pressure in 2010

* Is very satisfied with recent bond issue, likely to do it again

(Reporting by Karin Jensen)

 

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