World’s Biggest Container Shipper Warns of 25% Slump in Volumes
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The world’s largest container line is bracing for an historic slump in demand after emergency lockdowns across the globe left international trade in tatters.
A.P. Moller-Maersk A/S, which controls about one-fifth of the global fleet used to transport goods by sea, says the fallout from Covid-19 will drive volumes down by as much as 25% this quarter.