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Maersk expects container demand growth to slow, raises investment forecast

The Star LogoThe Star2h ago

Maersk expects container demand growth to slow, raises investment forecast - The Star

Quick Summary:

COPENHAGEN: Shipping group Maersk said on Wednesday it expected global demand for container transport to grow, albeit at a slower pace in the next few quarters as market risks persist, and the Danish company's shares fell in early trading.

"A healthy, albeit cooling labour market, and wage gains are expected to continue to support U.S.consumers.

Declining consumer confidence and savings, however, are clouds at the horizon," Maersk said on Wednesday.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 16:44:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 320 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21968208

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 76 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 3 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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