Maersk CEO warns of unsustainable container shipping rates due to overcapacity in 2023-2025.

Maersk CEO Vincent Clerc warns of unsustainable container shipping rates due to overcapacity in the coming years. The global container shipping market's rates have plummeted since the 2021-2022 boom, impacting profits. An influx of new ships added 9% to the industry's global capacity in 2022, with a further 11% increase expected in 2023 and 7% in 2025. Maersk's fleet size has remained constant.