Category: Shipping

Shipping Industry, the Lifeblood of Global Trade Anticipates 25% Drop
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Shipping Industry, the Lifeblood of Global Trade Anticipates 25% Drop

COPENHAGEN, Denmark (AP) – The world´s biggest shipping company, Denmark´s A.P. Moller-Maersk, said Wednesday that it expects its transport volumes to drop by up to 25% in the second quarter as the world economy slides toward recession. CEO Soeren Skou said that the group was “strongly positioned to weather the storm” but that the COVID-19…

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