Tag: $A.P. Moller-Maersk

Maersk warns global container volumes could drop due to trade war

Shipping group Maersk (MAERSKb.CO), said on Thursday container volumes plunged 30-40% between the U.S. in China in April as a trade war erupted between the world’s top economies, and warned a protracted dispute could shrink global volumes this year.

Shipping Giant Maersk Cuts Jobs as Profit Collapses. It’s Bad News for Global Trade.

A.P. Moller-Maersk  is undertaking significant job cuts after profit collapsed at the container shipping giant, a grim sign for global trade after last year’s boom.