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Maersk Warns of Slowdown in Global Trade

(Richard Milne – Financial Times)

The chief executive of the world's largest container-shipping group has warned that global trade growth could slow this year in spite of low oil prices as Chinese, Brazilian and Russian economies disappoint.

Container demand rose by about 4 per cent in both 2013 and 2014 and Maersk Line, the Danish group that ships about 15 per cent of the world’s seaborne freight, expects it to increase 3 to 5 per cent this year.

“I’m personally more towards the low end of that,” Søren Skou, Maersk Line’s chief executive, told the Financial Times. “Growth from a historical perspective is quite sluggish. It has a huge impact for us as an industry.” Click here to read more.