Maersk Predicts 2.5% Global Trade Contraction In 2023

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  • The ‘overconsumption of goods’ is now leading to a ‘sharp correction’ in demand, the Danish company said in a report.
  • A.P. Moller-Maersk A/S, a bellwether for global trade, said “muted” economic growth is set to push the world’s container shipping volumes down by as much as 2.5% this year.

Maersk sees global trade contracting as much as 2.5% in 2023, states a Money Web news source.

Shipping market has normalised after two years

The shipping market has normalised...

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