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World's top shipper expects coronavirus outbreak to hurt earnings
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COPENHAGEN, Denmark (AP) — The world's largest shipping company, Denmark's A.P. Moller-Maersk, said Thursday it expects the outbreak of the new coronavirus in China to hurt its 2020 earnings.
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The company said in its annual earnings report that the 2020 outlook "is subject to significant uncertainties and impacted" by the coronavirus outbreak, "which has significantly lowered visibility on what to expect in 2020."
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"As factories in China are closed for longer than usual in connection with the Chinese New Year and as a result of the Coronavirus, we expect a weak start to the year."