Copenhagen — AP Moller-Maersk, the owner of the world’s biggest container shipping line, saw its shares fall on Wednesday as the outcome of the US presidential election fanned concern there will be a shift towards policies that are hostile towards global trade. Maersk sank as much as 5.6% to trade 3.5% lower at 9.52am in Copenhagen. The company’s Maersk Line unit commands almost 16% of the global market for transporting goods by sea. Maersk executives have signalled alarm at the prospect of a world in which some of the biggest political powers adopt a more protectionist tone in their trade policies. "The risk of increased protectionism may derail a recovery in global trade," David Kerstens, an analyst at Jefferies International, said in a note on Wednesday. He listed Maersk as one of the companies "most affected" by the threat. A Trump presidency would also be bad news for the Danish economy, where Maersk is the biggest company by revenue, according to Danske Bank. About one-third o...
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