Freight demand growth to slow to 5-8 pct -Maersk Line CEO
SINGAPORE, March 15
SINGAPORE, March 15 (Reuters) - Global container-freight demand growth will slow to 5 to 8 percent per year, from 10 to 11 percent over the past 25 years, Maersk Line Chief Executive Soren Skou said on Thursday.
"Demand growth will be less than what it was in the past," the head of the world's biggest container shipping company said, adding that this was due to slower growth in Europe and North America and less new manufacturing moving to Asia. (Reporting by Randy Fabi; Writing by Himani Sarkar; Editing by John Mair)