A.P. Moeller-Maersk A/S, owner of the world’s largest container line, said the industry needs to raise prices by as much as $500 a box on Asia to Europe trips to restore the trade route to profit.
“Just like everyone else on Asia-Europe, we don’t make money at the current rates,” Lars Mikael Jensen, head of Copenhagen-based Maersk Line’s Asia/Europe network, said by phone. “Rates will need to go up by $300 to $500 per container to make the industry profitable.”