'Maersk' Warns Global Container Shipping Demand Contracts from Covid-19 Impact
Foreign media reported that A.P. Moller Maersk, the world's largest shipping company, warned that Global container shipments will drop sharply this year Due to the spread of the disease, Covid-19 After the company revealed revenue stable as expected in the first quarter
Maersk CEO Sorensko said in a statement that As global demand is still heavily affected, Maersk expects container shipping volume to drop in all businesses in the second quarter of 2020, possibly as much as 20-25%.
Maersk now predicted that Demand for containers with content containers will shrink this year. After previously expected to grow 1-3%
Maersk said the company canceled 90 trips or 3.5% of all shipments in the first quarter. To cope with slow trade And to keep the freight rates from falling sharply And it is expected that the company will cancel another 140 trips during the months of April-June.
Maersk said profits before tax, interest, depreciation and amortization (EBITDA) increased 23 percent to $ 1.52 billion. Higher than the company expected in March And the company suspended the yearly earnings forecast Due to the instability caused by the epidemic of Covid-19
Maersk revealed revenue in the first quarter of this year at 9.57 billion. Slightly lower than analysts had expected at 9.59 billion dollars.
Source : slotxo
