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Wednesday, August 14, 2024
Maritime Activity Reports, Inc.

Maersk expects global demand to remain steady, but slower.

Posted to Maritime Reporter on August 7, 2024

Maersk, a shipping company, said on Wednesday that global container demand will likely remain positive over the next few quarters. However, it warned of substantial risks.

When it released its preliminary earnings for the second quarter last week, Danish company confirmed that these results were also accurate.

raised

It has now revised its forecast for the third consecutive time, since May. The reason given was the higher rates of freight due to the

Red Sea

Container shipping is in high demand due to the crisis.

The U.S. consumer is expected to be supported by a healthy labour market that has cooled, but still remains strong. Maersk's earnings report warned that the future is clouded by declining consumer confidence, and a decline in savings. Reporting by Stine Jacobsen and editing by Terje Solsvik

(source: Reuters)

Tags: Marine Logistics Marine Freight Marine Services Europe Western Europe