The world's largest shipping firm warns of 'considerable uncertainties' as trade tensions rise

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Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute 'considerable uncertainties.'

Earnings before interest, tax, depreciation and amortization totaled $1.24 billion for the quarter, compared with $1.25 billion forecast by analysts in a Reuters poll.

Earnings before interest, tax, depreciation and amortization totaled $1.24 billion for the quarter, compared with $1.25 billion forecast by analysts in a Reuters poll. "We are still facing considerable uncertainties," CEO Søren Skou said in a press release, mentioning "the risk from trade tensions."

 

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I think US and China will be sinking together in their trafe war, while others learn to be independent 🙂

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