Reported 2 months ago
Maersk has revised its forecast for global container demand growth downwards, anticipating a slower pace due to ongoing market risks. The Danish shipping giant plans to increase its capital expenditure to $10-$11 billion for 2024-2025 as it orders 50 to 60 new vessels, aimed at renewing its fleet and maintaining capacity. Despite a recent 5%-7% rise in demand driven by a surge in Chinese exports, Maersk cautions about uncertain fourth-quarter prospects, noting factors like declining consumer confidence could impact future growth.
Source: YAHOO