Maersk Sees Europe Close to a Recession With US Not Far Behind
- Shipping giant says container market may also shrink in 2023
- The workhorses of global trade are coming off record profits
Maersk is the world’s largest owner of container ships.
Photographer: Samuel Corum/BloombergThis article is for subscribers only.
Europe is close to entering a recession and the US economy may not be far behind.
That’s the stark message Wednesday from A.P. Moller-Maersk A/S, the world’s No. 2 container carrier and a bellwether for the $29 trillion market for global trade.