Maersk Raises Full-year Earnings Guidance

November 17, 2020

© lazyllama / Adobe Stock
© lazyllama / Adobe Stock

Shipping group Maersk has raised its full-year earnings forecast, it said on Tuesday, citing increased momentum in fourth-quarter in global container volumes and freight rates.

The company now expects earnings before interest, tax, depreciation and amortization (EBITDA) before restructuring costs at $8 billion to $8.5 billion, up from a previous forecast of $7.5 billion to $8 billion.


(Reporting by Jacob Gronholt-Pedersen; Editing by David Goodman)

Logistics News

World's First Hydrogen Fuel Cell RTG Commences Operation

World's First Hydrogen Fuel Cell RTG Commences Operation

Southern Dredging Wins St. Marys Dredging Job

Southern Dredging Wins St. Marys Dredging Job

Maintenance Insights: Davits

Maintenance Insights: Davits

Self-Driving Ferry Service Envisioned to Link the Fosen Peninsula

Self-Driving Ferry Service Envisioned to Link the Fosen Peninsula

Subscribe for Maritime Logistics Professional E‑News