Maersk warns global container demand to shrink this year
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COPENHAGEN (Reuters) - Shipping giant A.P. Moller-Maersk on Wednesday warned of a sharp drop in global container volumes due to the coronavirus pandemic after posting flat first-quarter revenues in line with expectations."As global demand continues to be significantly affected, we expect volumes in the second quarter to decrease across all businesses, possibly by as much as 20%-25%," Chief Executive Soren Skou said in a statement.The company now expects global container demand to contract this..