Container shipping needs “transformation” that goes beyond the changes carriers are undertaking to survive and likely will include consolidation, a Maersk executive told The Journal of Commerce’s East Coast Maritime conference. Citing estimates that container ship lines will lose $20 billion this year, Nicolaisen said ship lines need to earn $10 billion to $20 billion in profit to sustain needed investments. … He said most inland container movements are “probably best left to domestic providers who can mix and match different modes of transportation and know their own markets.”
