Maersk revises outlook on container demand growth for this year
2022.08.03 09:58
FILE PHOTO: Shipping containers are transported on a Maersk Line vessel through the Suez Canal in Ismailia, Egypt July 7, 2021. Picture taken July 7, 2021. REUTERS/Amr Abdallah Dalsh/File Photo/File Photo
COPENHAGEN (Reuters) – Shipping group Maersk revised its outlook for 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quarter due to worsening consumer confidence and bottlenecks at ports.
“Volumes in ocean (shipping) were softer as congestion continued and the war in Ukraine weighed on consumer confidence, particularly in Europe,” CEO Soren Skou said in a statement.
Maersk, often seen as a barometer for global trade, revised its outlook for global container demand to the lower end of its range between minus 1% and plus 1%.
The Copenhagen-based company confirmed new 2022 guidance and forecast-beating second-quarter numbers announced on Tuesday.
