Comment / On the wires: AP Møller Mærsk – Smoke and mirrors...

”In the first quarter of the year, AP Møller Mærsk again delivered profitable growth. (…). 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 (…) we are strongly positioned to weather the storm.”

That Q2 ’20 (and likely beyond) was always going to be challenging for APMM and ...