Maersk

Coronavirus reduces global demand for containers

Coronavirus reduces global demand for containers

Published on May 20th, 2020

 

Danish shipping giant Maersk has predicted that shipping volumes will drop by as much as 25% in the second quarter of 2020 as a direct result of the impact of the current pandemic on global trade. Nevertheless, in a statement, CEO Søren Skou said Maersk is “strongly positioned to weather the storm”. Indeed, the firm posted a profit of US$197 million for the first quarter of 2020. 

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