{"id":16071,"date":"2025-02-06T08:29:33","date_gmt":"2025-02-06T08:29:33","guid":{"rendered":"https:\/\/financialrush.com\/?p=16071"},"modified":"2025-02-06T08:29:33","modified_gmt":"2025-02-06T08:29:33","slug":"maersk-chief-expects-no-massive-impact-from-tariffs-and-forecasts-trade-growth","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=16071","title":{"rendered":"Maersk chief expects no \u2018massive impact\u2019 from tariffs and forecasts trade growth"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=ec3a50a9-1818-497c-aed6-c4587325e92e\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>Tariffs should not have a \u201cmassive impact\u201d on trade this year as consumer sentiment remains strong, the boss of Danish container shipping giant AP M\u00f8ller-Maersk has said.<\/p>\n<p>Vincent Clerc told the Financial Times that he did not expect tariffs to affect volumes much this year as the world\u2019s second-largest container shipping line \u2014 seen as a bellwether of globalisation \u2014 forecast demand growth of 4 per cent for 2025 compared with last year.<\/p>\n<p>Clerc was speaking as the company announced earnings before interest and tax for 2024 of $6.5bn, up 65 per cent on 2023. Revenue rose 8.6 per cent to $55.5bn. The company said the profits were the third-best in the company\u2019s history.<\/p>\n<p>\u201cThe reason why we don\u2019t expect a massive impact is what really matters is not tariffs but what the purchasing power of consumers looks like,\u201d Clerc said.<\/p>\n<p>Container shipping lines have received a boost from diversions around the normal Asia to Europe route through the Red Sea and Suez Canal to avoid attacks by Iranian-backed Houthi rebels. Vessels have instead sailed round the Cape of Good Hope, lengthening voyages and sharply reducing the effective availability of ships.<\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/ec3a50a9-1818-497c-aed6-c4587325e92e\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this&hellip;\n","protected":false},"author":6,"featured_media":16072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-16071","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/16071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16071"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/16071\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/16072"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}