Maersk Warns of a Downturn in Global Trade

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By Bryce Baschuk

May 4, 2023 at 11:00 AM UTC

Shipping giant Maersk expects leaner days ahead following a historically profitable period for the container shipping industry.

The world’s second-largest shipping company just reported a 56% decline in first-quarter operating profit and warned of weaker results for the rest of 2023.