Maersk said global contained volumes declined 3% year-on-year in the third quarter, while global air cargo volumes fell 9% over July and August (Andrew Matthews/PA)
(Picture: PA Archive)Fears of an imminent global recession deepened today when shipping freight giant Maersk sounded the alarm on dwindling demand for its containers amid the European energy crisis and sky-high inflation.
The Norwegian firm, often considered a bellwether for international trade, warned of “plenty of dark clouds on the horizon” as it slashed its forecast for global container demand for 2022 as a whole to a fall of two to four per cent compared with last year
