Maersk expects global container demand growth to slow in the next few quarters as market risk persists. The group's capital expenditure is set to grow faster, sending down the company's shares.
According to the Danish company, which is a barometer of global trade, global demand for containers grew about 7 percent year-on-year during the first half, supported by strong demand from Europe and emerging markets, and strong Chinese exports, among other factors. Maersk expects global container market volumes to increase by 4 to 6 percent over the full year.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
