Q2 2019 AP Moeller - Maersk A/S Earnings Call Transcript
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Good morning, everyone, and thank you for listening in to our earnings call today for the second quarter interim report 2019 for Maersk. My name is Soren Skou. I'm the CEO, and I am joined today by Carolina Dybeck Happe, our CFO.
Now before we move into the business-specific highlights, I would like to comment on the current trade environment. First, I want to make sure that it's clear that we don't believe that tariffs are good for the global economy, and we do not welcome them. But with that being said, the impact from the current U.S.-China tariffs and trade tensions on global trade has been quite manageable for us so far.
Overall, global container trade has increased around 2% in the first half of 2019. That puts it right in the middle of the 1% to 3% range that we laid out in our guidance at the start of the year and that's what we have been planning for when it comes to
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