Container volumes will drop sharply in the second quarter but the industry is in better position to manage the coronavirus crisis than previous downturns, according to Soren Skou, chief executive officer of A.P. Moller-Maersk (APM, Copenhagen: MAERSK-B), the owner of the world’s largest container line.
On Wednesday morning, APM reported net income of $209 million for the first quarter of 2020 compared to a net loss of $656 million in the same period last year, with ocean shipping revenues up 3%...
https://www.freightwaves.com/news/maersk-container-volumes-could-fall-25