Maersk expects container demand growth to slow, raises investment forecast

Quick Summary:

Maersk, viewed as a barometer of world trade, said global container demand was estimated to have grown 5%-7% in the second quarter, boosted by a 10% jump in Chinese exports on the year, among other factors.

Shipping disruptions caused by Houthi militants' attacks on vessels in the Red Sea were expected to last at least until the end of the year, Maersk has said.

For the full year, it expects global container market volumes to increase by 4-6%.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: India

Topics: Shipping Maersk Global container demand Houthi attack Global shipping World trade

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 09:57:59 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 588 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Economic Times

News ID: 21977839

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