Trade
Maersk Sees Improved Prospects for Global Container Trade
- Impact from Red Sea conflict will last most of 2024, CEO says
- Maersk raises the lower end of its profit forecast range
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A.P. Moller-Maersk A/S, a bellwether for global trade, said a strong start to the year has improved the outlook for container trade demand worldwide.
Global container trade will probably expand 2.5% to 4.5% this year with expectations now landing closer to the upper side of the range, Copenhagen-based Maersk said on Thursday, repeating its forecast range given in February. Maersk is making plans to extend the current rerouting south of the Cape of Good Hope potentially for the rest of the year to avoid the Red Sea, it said.