And it’s feeling under the weather.ĭemand for trade is falling rapidly in the latest sign of a coming global recession, warns Maersk, one of the big four shipping firms that control nearly 60% of the market. Maersk occupies a huge position in global trade, managing 17% of international shipping and transporting goods for major consumer goods companies including Unilever and Walmart. When the world sneezes, in other words, shipping firms like Maersk get a cold. The world has just a few giant shipping companies, and they touch every corner of international trade on a daily basis, so they’re attuned to the health of the global economy.
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