Profit up at A.P. Moller Maersk despite Covid impact on volumes
A.P. Moller Maersk felt the benefit of its February acquisition of US warehousing and distribution specialist Performance Team during the second quarter of 2020, despite global falls in shipping volumes driven by the response to the global Covid-19 pandemic. Turnover decreased by 6.5% to $9.0 billion (£6.8 billion), from $9.6 billion in Q2 2019, which Maersk…