Aug 7 (Reuters) - AP Moeller - Maersk A/S MAERSKb.CO CEO Vincent Clerc told reporters:
MAERSK CEO: PRICES ARE GOING UP IN THE TERMINAL BUSINESS, CAPACITY CLOSE TO FULL
MAERSK CEO: CONTAINER DEMAND CONTINUES TO BE EXTRAORDINARILY HIGH
MAERSK CEO: CHINA CONTINUES TO GROW THEIR EXPORTS AT A MUCH HIGHER PACE THAN ITS GDP GROWTH
MAERSK CEO: CHINESE COMPANIES ARE TAKING GLOBAL MARKET SHARE, WHICH IS UNDERPINNING CONTAINER DEMAND
MAERSK CEO: CHINA IS PLAYING A LARGER AND LARGER ROLE IN THE GLOBAL ECONOMY
MAERSK CEO: DESPITE VOLATILITY IN THE U.S., WE HAVE SEEN HIGH DEMAND IN THE REST OF THE WORLD
MAERSK CEO: WE HAVE SEEN RISING FREIGHT SPOT RATES, THEY ROSE 37% IN 13 WEEKS IN Q2
MAERSK CEO: OUR DATA SHOWS AN ACCELERATION OF THE GLOBALISATION, NOT THE OPPOSITE
MAERSK CEO: WE ARE CURRENTLY NOT ORDERING THE BIGGEST CONTAINER SHIPS
MAERSK CEO: WE NEED A MORE FLEXIBLE NETWORK, SHIPS THAT CAN DOCK IN SMALLER PORTS; RATHER THAN THE TRADITIONAL SHIPPING ROUTES
MAERSK CEO: NOT SEEN CUSTOMERS "PULL FORWARD" AHEAD OF DEADLINE IN TRADE TALKS BETWEEN CHINA AND THE U.S.
MAERSK CEO: IN THE SHORT TERM, CONTAINER SHIPPING IS IMMUNE TO TRADE TARIFFS
MAERSK CEO: VOLATILITY AND COMPLEXITY IS A BIG OPPORTUNITY FOR MAERSK, ESPECIALLY IN OUR LOGISTICS BUSINESS
MAERSK CEO: WHEN WE RETURN TO THE SUEZ CANAL, IT WILL FREE UP 7-8% OF CONTAINER SHIPPING CAPACITY
MAERSK CEO: IF GLOBAL CONTAINER DEMAND CONTINUES TO GROWTH AT CURRENT PACE FOR 2-3 YEARS, WE WILL NOT SEE EXCESS SHIPPING CAPACITY
MAERSK CEO: WE WILL CONTINUE TO ORDER SAME VESSEL CAPACITY IN COMING YEARS, NO CHANGES TO OUR CAPEX
MAERSK CEO: WE ARE IN A VOLATILE ENVIRONMENT, BUT I DON'T EXPECT A PROLONGED PERIOD WITH LOSSES FOR THE SHIPPING INDUSTRY
MAERSK CEO: WE WILL NOT INDEPENDENTLY TAKE ANY ACTION IN RELATION TO SHIPMENTS TO ISRAEL; ANY ACTION SUCH AS SANCTIONS SHOULD BE DECIDED POLITICALLY
MAERSK CEO: CHINESE SHIPMENTS INTO EUROPE AND OTHER REGIONS STARTED GROWING ALREADY LAST YEAR; THIS TREND HAS CONTINUED THIS YEAR, BUT OUR DATA DOES NOT SHOW THIS IS DUE TO U.S. TRADE TARIFFS
Further company coverage: [MAERSKb.CO]