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OverviewAPI
Maersk, the world's largest container shipper, warns of a prolonged and deeper downturn in global trade, with a contraction in container volume growth expected to last through the end of the year. The company's solid Q2 performance and improved earnings forecast were overshadowed by concerns of a subdued environment for the rest of the year, with potential recovery in 2024. The decline in consumer spending and macroeconomic events are likely to impact container demand from retailers.

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