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Maersk Group reported a first-quarter net loss of $239m and said Maersk Line will cut capacity on unprofitable trades over the next two quarters. The carrier will also reduce feedering and has no plans to order new ships for at least 12 months.
Capacity cuts by the largest container carrier tighten available shipping space, which tends to support freight rates for exporters and importers.
theloadstar.comMike WackettMay 17, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
