November 15, 2019 / 7:19 AM / 21 days ago

Maersk sees slight pickup in container traffic next year

COPENHAGEN, Nov 15 (Reuters) - Shipping group A.P. Moller-Maersk said on Friday it expected 2020 growth in global seaborne container traffic to be slightly higher than this year, although an ongoing trade war would limit the chances of a faster pick-up in traffic.

Maersk, the world’s biggest container shipper, said it expected global container demand to grow by 1-3% in 2020 compared with 1-2% this year.

“The continued weakening of global sentiment, above all in the manufacturing sector, reduces the likelihood of a growth pick-up in 2020,” the company said in a statement. (Reporting by Jacob Gronholt-Pedersen and Stine Jacobsen; Editing by Mark Potter)

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