The week in charts: Maersk’s stark warning for months ahead; capesizes plunge
Danish giant Maersk reported a profitable start to the year, but warned of worse to come with the coronavirus health crisis promising a quarter of lost business in the second quarter. Elsewhere, the capesize market has dipped to a four-year low, while there are signs that floating tanker storage has finally reached its peak following recent surges
Maerk’s chief executive Søren Skou is confident the Danish group is well positioned to ride out the coronavirus storm