- Container shipping giant Maersk Group is optimistic about opportunities despite slower growth concerns.
- The opportunities include China’s Belt and Road Initiative (BRI) and a new technology trend of digitalization.
- Maersk handles a fifth of all containers that move to and from China by facilitating trade related to China.
- The giant is also focussed on digitalization and is working to move the transaction online and eliminate the use of papers to improve tracking and tracing goods.
According to an article in CGTN’s Global Business, Although there will be soft growth in the global economy as well as trade, Maersk Group, the world’s largest container shipping company, sees opportunities in different fields.
Opportunities available
The opportunities available in various fields include China’s Belt and Road Initiative (BRI) and new technology trend of digitalization, Soren Skou, CEO of the group told CGTN in an interview on the sidelines of the China Development Forum held in Beijing on weekend.
The shipping industry has adjusted its capacity to match reducing demand, but the Copenhagen-headquartered company believed that “trade in the foreseeable future will continue to grow two to four percent,” he said.
Important trade relations
As a company that sent the first ship to China in as early as 1924, today Maersk handles a fifth of all containers that move to and from China, playing an important role in facilitating trade related to China, Skou said.
Maersk has seen opportunities brought by the BRI for more investment and cooperation, he noted.
Focus on digitalization
Digitalization is another focus of the company’s strategy, he said, explaining that they are working to move the transaction online as the first step and the company will continue working on getting rid of the papers, significantly enhancing the opportunities for tracking and tracing goods.
Skou also noted that he believes there will be more measures as China vows further reform and opening-up–a message delivered from this year’s CDF.
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Source: CGTN
