What Maersk's Results Tell Us About Global Trade
'We continue to see container demand coming in well ahead of expectations,' Chief Executive Vincent Clerc told CNBC. 'A lot of it is driven by the manufacturing boom in China and strong exports pretty much everywhere in the world—except for the U.S. during this quarter, where the tariff on-tariff off has had some dampening effect.'
Maersk now expects 2–4% growth in global container demand for the year, up from earlier estimates that included a potential contraction.
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