Maersk, which controls about 14% of the world’s container fleet and operates 60 ports, is among the global companies hit by Trump’s protectionist shift, which is upending decades of progress in free trade. Still, the company has also said that it expects a transport boost in Europe as the continent, led by Germany, speeds up investments — including in defence.
A.P. Moller-Maersk A/S, the Danish container giant, lowered its forecast for the global transport market rattled by Donald Trump’s trade war.
Maersk sees global container volume market in the range of 1% decline to growth of 4% this year, according to a statement on Thursday, citing “increased macroeconomic and geopolitical uncertainty.” The forecast compares with growth of “around 4%” predicted back in February.
