Home Tags Maersk
Growth in global container trade more than halved to 1.7% in the first quarter. Maersk warned trade-war tariffs could slow it further.
Lost jobs, shrinking growth, and rotting crops — here are the ways Trump’s trade war is hurting America
Eight months on from the opening salvos of President Donald Trump's trade war, and the real-world impacts are starting to be felt across the globe.
The world’s biggest shipping company has proof that Trump’s China tariffs are battering global trade
AP Moller-Maersk, the world's biggest operator of container ships, is once again sounding the alarm on President Donald Trump's trade war with China.
"Big US consumer brands like Nike produce in all of Asia, not just in one country, so there will be a substitution effect. You can't get Nike sneakers or iPhones that are produced in the US. So it will end up being pushed on to the consumer," Soren Skou of AP Moller-Maersk said.
The technology behind bitcoin could eliminate enormous piles of paperwork and bureaucracy in the shipping industry.
Maersk's updated outlook underscores that its industry continues to be slammed by the declines in commodities and shipping activity.