Oil and shipping group A.P. Moller-Maersk said on Tuesday its container shipper Maersk Line had transported 14 percent less containers year-on-year in the first quarter. It said Maersk Line's freight rates had been 24 percent lower than a year ago in the quarter.
The global economic downturn is affecting all Maersk's markets, Chief Executive Officer Nils Smedegaard Andersen said in the first-quarter earnings report released earlier on Tuesday.
The global economic downturn is affecting all Maersk's markets, Chief Executive Officer Nils Smedegaard Andersen said in the first-quarter earnings report released earlier on Tuesday.