Maersk Boosts Profit Outlook as Container Demand Defies Trade Fears
Shipping group Maersk raised its full-year profit forecast on Thursday as robust global container demand defied fears that tariffs would hit trade, although the company predicted a slowdown later this year.
Maersk, viewed as a barometer of world trade, said it now expected global container volumes to increase by 2% to 4% this year, compared with a range of down 1% to up 4% estimated in May. The new range implies lower second-half growth, it said.
A drop in U.S. imports after President Donald Trump...
To Read Full Story Login Below.