Past week has been quite record breaking one. Maersk Line (Largest Shipping Company) is no more the largest as its competitor MSC (Mediterranean Shipping Company) took over the No 1 slot. Recently MSC CEO said their target and priority was never being to be biggest, but rather Growth, profitability and supporting customers. With the current order book, MSC will be keeping this no 1 slot for longer time. Maersk Had this no 1 position since 1990s.
Though it must be an emotional moment for the Maersk as they lost the top slot, but that should not hinder the business as it is more about customers and revenue. Having too many ships doesn’t make sense in this business, cargo and a customer does.