Maersk Lowers Container Market Forecast Amid Global Uncertainty

A.P. Moller-Maersk lowered its global container market forecast due to rising economic and geopolitical tensions but maintained its profit outlook. The company anticipates a 1% decline to 4% growth in container volumes for the year, compared to an initial 4% estimate, amid trade war concerns.

A.P. Moller-Maersk, a key indicator of global trade, has revised its global container market forecast downward while maintaining its profit outlook amidst rising economic and geopolitical uncertainties.

The company cited trade tariffs imposed by U.S. President Donald Trump as a major factor prompting companies to scale down sales targets, causing significant impacts on global shipping demand.

Maersk now anticipates global container volumes to move between a decrease of 1% and an increase of 4%, compared to a steady 4% growth prediction earlier this year, emphasizing potential risks of a broader trade conflict if Chinese exporters shift their focus from the U.S. to alternative markets.

(With inputs from agencies.)