Maersk warns trade war could hurt container business

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Denmark’s Maersk warns trade war could hurt shipping container business

) warned a trade war between the United States and China could curb container traffic this year after the world’s largest container shipping company beat second-quarter profit expectations.

He said Maersk had seen “solid progress” in the second quarter, including realizing synergies of $1 billion from restructuring earlier than expected. The shares traded as much as 7% higher in early trade, but were trading 2.5% lower at 6,808 crowns each at 1027 GMT. “It looks like consensus was running ahead and some had seen Maersk’s guidance as conservative,” Hoyer said.Skou said he was planning for low growth in container shipping demand this year and next but not recession.

FILE PHOTO - The Maersk Line container ship Maersk Sentosa is helped by tugs as it navigates the River Mersey in Liverpool, Britain, July 31, 2018. REUTERS/Phil Noble

 

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wolf!

The only one in the end that will prosper will be China.

Duh

👍

Bloody hell. That's my day ruined. What terrible news that is. What an utterly, UTTERLY devastating thing that is to hear. Could anything console us all in these tragic times?

Oh well. Right?

Already if the crude oil they use for them was actually taxed like we all are in Europe it would force them to improve this highly polluting industry...

Maersk is part of the global elite problem in the world today. Their concern is their power and control ... as well as their friends. People like me are just the dirt under their feet

reminding world: 2008-09 recession saw container ships abandoned in port harbors all over world. Trade implosion tradewarsgoglobal

Normal...

Think this falls into the ‘No shit Sherlock’ category.

who could have seen this coming

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