Growth in global container trade more than halved to 1.7% in the first quarter. Maersk warned trade-war tariffs could slow it further.
The world's largest shipping company estimated global container trade grew 1.7% in the first quarter, down from 3.6% in 2018.
AP Moller-Maersk warned the recent escalation of the trade war could push growth in global container trade to the lower end of its forecast of 1% to 3% for 2019. Maersk blamed a 2.2% drop in its container volumes on weaker international trade and American retailers bringing forward orders in anticipation of higher tariffs on Chinese imports.Growth in global container trade more than halved in the first three months of 2019, and the latest salvos in the US-China trade war could slow it further, the world's largest shipping company warned in itsAP Moller-Maersk pegged growth in global container trade at 1.
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