Maersk ship
Freight rates in the container shipping industry are recovering gradually and are likely to reach break-even levels by the first quarter of next year, an executive at Denmark’s Maersk Line said on Monday. … Vincent Clerc, vice-president for Maersk Line’s European business, told Reuters: “We are probably talking about four to five years before we are back where we used to be in terms of trade volumes compared to 2008. For next year we expect a gradual recovery, we think, in a range of 3 to 5 percent. We don’t see more than that, we expect 2011 to be at the same level.”