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Maersk Sees Improved Prospects for Global Container Trade [Yahoo! Finance]
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Moller-Maersk A/S, a bellwether for global trade, said a strong start to the year has improved the outlook for container trade demand worldwide. Most Read from Bloomberg US and Saudis Near Defense Pact Meant to Reshape Middle East Jerome Powell Offered Markets a Reprieve. It Vanished in a Blink Tesla Axes Supercharger Team in Blow to Broader EV Market NYPD Arrests Over 300 Protesters in Crackdown on College Campuses The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy Global container trade will probably expand 2.5% to 4.5% this year with expectations now landing closer to the upper side of the range, Copenhagen-based Maersk said on Thursday, repeating its forecast range given in February. Maersk is making plans to extend the current rerouting south of the Cape of Good Hope potentially for the rest of the year to avoid the Red Sea, it said. The world's supply lines are suffering from a number of disruptions, with the biggest coming from Houthi
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