Maersk warns of 20-25% slump in volumes
Despite managing to grow profitability during the first quarter of 2020, Maersk expects volumes in Q2 to decrease across all businesses possibly by 20-25%, as global demand plummets due to the COVID-19 pandemic.
The world’s largest container shipping line blanked more than 90 sailings during Q1, leading to a decline of 3.5% in its average deployed capacity.
Søren Skou, CEO of A.P. Moller – Maersk, said: “Looking into Q2 2020, visibility remains low as a result of the COVID-19 pandemic.
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