Maersk expects a 2.5% drop in container shipping volume this year

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Written By Jennifer Joslyn

🚢 Maersk expects a 2.5% drop in container shipping volume this year.

CEO Vincent Clerc has cited “muted” economic growth as a reason for the decline, especially after exceptionally high freight rates have been normalized over the past two years. With the normalization of demand, comes a decline in container volume. Earnings before interest and tax were $31.2 billion in 2022 and the estimated earnings in the same context are forecasted to be around $2 billion in 2023.

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Jennifer Joslyn
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