The chief executive of oil and shipping giant Moller-Maersk - which reported earnings that beat forecasts Wednesday - told CNBC that overcapacity continues to dog the shipping industry amid slow-moving economic growth.
"If you look at the profitability of the container industry over the last five years...most companies have been lossmaking," Nils S. Andersen told CNBC Wednesday.
"(But) we see the chance of making money in the industry in being more competitive and giving the customers a better offer than our competition. The last year has given us very good profits, but the situation in the industry I regard as relatively stable, it's just not very attractive."
Maersk, a Danish company, is seen something of a bellwether of global trade as its ships make up 15 percent of world container shipping capacity.
Anderson said the company estimated global trade growth of only 1 percent in the first quarter of 2015, on the same period last year, which indicated "a pretty slow-moving economy."
"Of course, the manufacturing output in China is partly affected by domestic demand, but (growth in global trade) is also still to a large extent affected by the situation in the U.S,. and Europe and here the markets haven't been very dynamic."