Maersk Chief Commercial Officer Vincent Clerc on the importance of partnerships in solving problems and creating a better digital environment.
The Taiwanese carrier announced the recapitalization plan in late 2016.
The industry has needed consolidation for years, said Maersk Line North America President and CEO Michael White.
The unemployment rate of the global fleet continues to edge higher.
The decision comes just days before the new joint venture Ocean Network Express was expected to be formed.
Maersk Line India in a trade advisory said the one-stop freight link from cargo origins is more economical and reliable than air cargo transportation.
Alibaba has built another link with carriers to provide online members greater control of the ocean shipping process.
Rumors surrounding a Cosco-OOCL tie-up refuse to go away.
Maersk currently has 18 Rickmers vessels in its fleet.
Germany’s second-largest container carrier after Hapag-Lloyd boosted traffic by 7.2 percent.