Maersk: Container shipping contract rates will sink to spot levels

Earnings are expected to plunge by up to 78% in 2023 A.P Moller-Maersk, operator of the world’s second-largest container line, announced fourth-quarter results in line with expectations on Wednesday. But its outlook for 2023 came in below consensus, with rates expected to be particularly weak in the second half of the year. Maersk sees spot […]