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Preparing for falling rates, Maersk Line set to invest $15bn in fleet over five years

By Gary Howard from London










Søren Skou, Maersk Line ceo, outlined the Danish giant's outlook for the container sector at Maersk's Capital Markets Day today and it is a massive investment programme.


The world's largest container line according to Skou faces multiple challenges: supply/demand imbalance, declining rates, the East-West challenge, and protection of its position in North-South trades.




At a simple investment level this means Maersk Line, which has not ordered any newbuildings since 2011, is lining up some significant capex in new capacity. Maersk's current orderbook is not sufficient to satisfy its own growth requirements at projected levels, falling short by around 425,000 teu by 2017-2019, or around 30 14,000 teu ships.



"We have an investment plan in Maersk line which is around $3bn per year on average for the next five years, or $15bn in total. That's covering the ships, the retrofits and of course the containers, IT and other stuff.


"We'll be …

TRACEABILITY STILL HAS A LONG WAY TO GO AS MANGO SCARE POINTS OUT

** "May of 2014 The National Mango Board (NMB) kept news of a voluntary recall a secret from the USA consumer and acted neglegently in hiding important food safety information. The NMB believes that an ignorant consumer is a good consumer."

~ Will Cavan
Executive Director
International Mango Organization (IMO)












ENVIRONMENT







Want to Find Out Where Your Fruit Was Grown? Good Luck





Big Ag considers the path from field to supermarket a trade secret.




—By Elizabeth Grossman



| Wed Sep. 24, 2014 6:00 AM EDT




james weston/Shutterstock; Alexey VI B/Shutterstock













On May 6, 2014, as I read through the morning's incoming email, a Food Safety Alert from the US Food and Drug Administration (FDA) announcing a "voluntary recall of mangoes due to possible health risk" from the bacteria Listeria caught my eye. 





This grabbed my attention because at the time, a handsome sunset-hued mango, purchased several days before at my neighborhood market in Portland, Oregon, was ripening on the kitchen count…

BAJA STRONG !!! : CABO AFTER ODILE