Maersk reports record quarter, warns of demand, inflationary shocks to come

May 05, 2022 10:05 AM

SINGAPORE – Even as it delivered record results for the first quarter of 2022 due to higher freight rates and stronger contracts, Danish shipping line A.P. Moller – Maersk warned on Wednesday (May 4) that inflationary pressures and falling demand may well shrink margins and slow container shipping volumes for the rest of the year.

Source : https://www.straitstimes.com/business/companies-markets/maersk-reports-record-quarter-warns-of-demand-inflationary-shocks-to-come