As per internal estimates of APM terminals, global Exim trade is expected to de-grow 20% in FY21E. However, the management expects volumes at GPPL to be minimally disrupted during the same year. Port imports (60-65% of cargo) are Far-East oriented, which is showing positive signs of recovery while the ports on the west (US, Europe) continue to lag behind. On the exports front, the management is seeing positive trends and expects good agricultural exports to the Middle East in Q2FY21. In FY20, 45% of GPPL volumes were transported via its parent entity APM-Maersk. In April, May,...