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

Dry Bulk Supply/Demand Balance Predicted to Strengthen

Dry Bulk Supply/Demand Balance Predicted to Strengthen

US Military Starts Pier Construction off Gaza

US Military Starts Pier Construction off Gaza

First Ship Departs Baltimore Through Limited Access Channel

First Ship Departs Baltimore Through Limited Access Channel

Russia Reinsurer Backs Firms to get India Marine Insurance Permit

Russia Reinsurer Backs Firms to get India Marine Insurance Permit

Subscribe for Maritime Logistics Professional E‑News