Guidance from the largest containership line in the world suggests that the volume recovery in containerized global trade will take longer than perhaps some expected.
Maersk, the Danish shipping giant, reported its Q1 results this morning and said that not only would East-West trade lanes be negatively impacted by COVID-19-related shutdowns going into the second quarter, but lower volumes will likely persist for quarters to come.
The volume downturn is significant enough to force Maersk to...