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Displaying items by tag: Demand Down

Danish shipping group AP Moller-Maersk has today warned of a sharp drop in global container volumes due to the coronavirus pandemic, sending its shares down sharply.

The coronavirus epidemic has thrown the global container shipping trade off balance as global supply chains have been upended and businesses and factory activity in China and later across the world was disrupted.

Maersk, which also reported a 23% rise in first-quarter core profits, now expects global container demand to contract this year, after previously forecasting growth of 1%-3%.

"As global demand continues to be significantly affected, we expect volumes in the second quarter to decrease across all businesses, possibly by as much as 20%-25%," chief executive Soren Skou said.

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Published in Ports & Shipping

About the Royal Yachting Association (RYA) Northern Ireland 

  • The RYA is the national body for dinghy, yacht and motor cruising, all forms of sail racing, RIBs and sports boats, windsurfing and personal watercraft and a leading representative for inland waterways cruising.
  • The RYA is recognised by Government, the media and opinion formers as the representative body and voice for the activities that it represents. It continually fights for the rights and freedoms of its 112,000 personal members.
  • The RYA has more than 1,500 affiliated clubs and classes, which represent some 350,000 boaters throughout the UK. It is estimated that 4 million people in the UK take part in boating activity annually.
  • The RYA also sets and maintains recognised standards for training for both leisure and commercial boating through a network of more than 2,400 RYA Recognised Training Centres across 58 countries. More than 250,000 people per year complete RYA training courses.
  • The RYA is responsible for one of the UK’s most successful Olympic medal-winning sports. Our coaching and development schemes actively support 800 of our country’s top sailors, from talented juniors to Olympic and World champions.
  • The RYA is committed to promoting all forms of boating and making them accessible to everyone. For more information please visit www.rya.org.uk.
  • The Royal Yachting Association Northern Ireland (RYA NI) acts for the RYA in Northern Ireland (NI) and the Chairman of RYA NI is invited to join the Irish Sailing Association (ISA) Policy Review Committee.
  • You can find the RYA Northern Ireland at Sketrick House, GE8, Jubilee Road, Newtownards, BT23 4YH.
  • RYA NI is a company limited by guarantee – Registration number NI 51945
  • Contact RYA NI: Tel: 02891 827154 email: [email protected]