Container-line Maersk has raised its revenue guidance for Q2 to include a volume drop of 15% to 18% compared to its initial view of a 20% to 25% drop. While representing post COVID-19 conditions that are not as bad as first feared it is still an historic drop. Global container traffic remains weak with traffic transiting the Panama Canal having fallen by 19.7% year over year in May. Maersk’s activity on key U.S.-inbound lines are consistent with its guidance. Panjiva’s data shows U.S. seaborne imports fell by 14.5% year over year in April and May combined. That was led by a 35.9% slump i...