Maersk Says China’s Consumption Focus to Help Shipping

A.P. Moeller-Maersk A/S, owner of the world’s biggest container shipping line, said China’s efforts to boost domestic consumption and pare reliance on exports will help carriers as imports into the country may gain.

“With the new leadership coming and focusing on slightly different things, we will have more focus on domestic consumption, boosting the living standards of the Chinese population,” Chief Executive Officer Nils Smedegaard Andersen said in an interview. “It will create great opportunities for companies like us because imports will increase.”