Tariff Quote Watch: Maersk Slows, Identifies Tangible Tariff Troubles — Panjiva
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Tariff Quote Watch: Maersk Slows, Identifies Tangible Tariff Troubles

Corp - Shipping 1042 Earnings 761 Mode - Containerized 1535 Mode - Seaborne 1853 Quote Watch 452 Tariffs 1878 U.S. 5418

Maersk delivered revenue growth of just 0.6% year over year in 2Q, including volume growth of 1.4% in the container-line business and a 6.6% drop in ocean freight handled by its forwarding operations. The firm has warned that the U.S.-China trade war could have a marked impact on tariffs stating the recent increase in duties “could in isolation remove 0.5% of global container demand” in 2020. Additionally Maersk has stated that the so-called list four tariffs “could result in a reduction of up to 1% in 2020”. That compares to the company’s growth forecast...

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