Maersk reported a drop in its 2Q EBITDA margin to 10% from 14% a year earlier but more importantly cut its full year forecast for EBITDA by 13% to 16% in absolute terms. The shortfall of container rate growth vs. bunker fuel was cited as a major reason, inline with recent similar moves by Hapag-Lloyd and NYK. Orient Overseas also fell into a loss for the first half for the same reasons. Maersk and Orient Overseas differ in terms of their outlook, particularly for volumes. Maersk has indicated concerns about the Transatlantic tariff battle while Orient expects a tightening supply / demand...