Maersk keeps down costs with uncertain container traffic outlook

COPENHAGEN, Nov 15 (Reuters) – A.P. Moller-Maersk said on Friday prospects for a pick-up in demand for seaborne container traffic were clouded by an uncertain economic outlook but the shipping group’s focus on driving down costs helped its shares higher.

The world’s biggest container shipping firm said global container demand was expected to grow by 1%-3% next year compared with 1%-2% in 2019…

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