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FILE PHOTO: A truck transports a Maersk shipping container by a cargo ship at a port in Qingdao, Shandong province, China April 7, 2018. REUTERS/Stringer
COPENHAGEN (Reuters) – Shipping group A.P. Moller-Maersk (MAERSKb.CO) said on Friday it expected 2020 growth in global seaborne container traffic to be slightly higher than this year, although an ongoing trade war would limit the chances of a faster pick-up in traffic.
Maersk, the world’s biggest container shipper, said it expected global container demand to grow by 1-3% in 2020 compared with 1-2% this year.
“The continued weakening of global sentiment, above all in the manufacturing sector, reduces the likelihood of a growth pick-up in 2020,” the company said in a statement.
Reporting by Jacob Gronholt-Pedersen and Stine Jacobsen; Editing by Mark Potter
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