Maersk delivered revenue growth of just 0.6% year over year in 2Q, including volume growth of 1.4% in the container-line business and a 6.6% drop in ocean freight handled by its forwarding operations. The firm has warned that the U.S.-China trade war could have a marked impact on tariffs stating the recent increase in duties “could in isolation remove 0.5% of global container demand” in 2020. Additionally Maersk has stated that the so-called list four tariffs “could result in a reduction of up to 1% in 2020”. That compares to the company’s growth forecast ex-tariffs of just 1% to 3% year...