A.P. Moller-Maersk, the World’s Largest Shipping Firm, Projects Q2 Volumes to Decrease by as Much as 20%-25% Due to Coronavirus, CEO Says 10% of their Fleet is Idled on CNBC

“Looking into Q2 2020, visibility remains low as a result of the COVID-19 pandemic. We continue to support our customers in keeping their supply chains running, however as global demand continues to be significantly affected, we expect volumes in Q2 to decrease across all businesses, possibly by as much as 20-25%. 2020 is a challenging year, but as we proactively respond to lower demands and show progress in our transformation and financial performance, we are strongly positioned to weather the storm,” says Søren Skou. Read more

—> Watch the interview @ CNBC

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