Shipping giant says global trade disruptions will continue

Shipping giant Maersk has predicted that disrupted global trade flows will last longer than the previous forecast until the second half of this year.

The company said the global shipping market is expected to return to normal in the second half. Decreasing available containers are keeping the prices of shipping goods high this year. Due to the exceptional market situation, the company's profit could increase by 25%.

Maersk said the already tight supply chain worsened in the first quarter of this year as the war between Russia and Ukraine increased uncertainty in the market.

Container prices are likely to fall in the short-term due to the impact of the epidemic congestion on China's exports, but they are expected to recover once the restriction is lifted.