Danish shipping firm A.P. Moller-Maersk recorded a drop in second-quarter revenue as demand destruction from the coronavirus pandemic reduced the company’s container volumes by 16% year on year. Receive daily email alerts, subscriber notes & personalize your experience. Register Now But higher shipping rates and lower fuel costs limited the impact and helped it to beat its own expectations for the quarter, the company said in its earnings release on Aug. 19. Maersk’s revenue fell to $9 billion in April-June 2020 from $9.6 billion for the same period last year. The company’s revenue from its ocean shipping segment fell by 8.7% year on year to $6.6 billion in the second quarter. Total second-quarter earnings before interest, tax, depreciation and amortization (EBITDA) was $1.7 billion, a year-on-year increase […]