World’s Largest Shipping Company Expects 25 Percent Drop in Container Demand

The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, said Wednesday that it expects its transport volumes to drop by up to 25 percent.

A container ship is docked at Maher Terminals in Elizabeth, N.J., on May 11, 2020. Mark Lennihan/AP Photo

COPENHAGEN—The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, said Wednesday that it expects its transport volumes to drop by up to 25 percent in the second quarter as the world economy slides toward recession.

“As global demand continues to be significantly affected, we expect volumes in the second quarter to decrease across all businesses, possibly by as much as 20 percent - 25 percent,” Chief Executive Soren Skou said in a statement.