Maersk has published Q2 results with revenues that fell by 6.5% year over year including a 15.8% slide in container volumes handled. Like other container-lines it has delivered increased profitability by cutting capacity and as a result of falling bunker fuel prices. The firm expects that “for Q3 2020 volumes are expected to progressively recover with a current expectation of a mid-single digit contraction” while CEO Soren Skou states that “some time during the first half next year we will have volumes back at the level we had in 2019”. The main sensitivity is that the guidance does not ...