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

Algoma Central Fleet Hits the 100-Vessel Mark, Records Strong Q3

Algoma Central Fleet Hits the 100-Vessel Mark, Records Strong Q3

Anglo-Eastern Debuts Methanol Bunkering Simulator, Courses

Anglo-Eastern Debuts Methanol Bunkering Simulator, Courses

Matson Paid $6.4 million in Port Fees to China

Matson Paid $6.4 million in Port Fees to China

Suez Canal Revenues Rise as Red Sea Tensions Ease

Suez Canal Revenues Rise as Red Sea Tensions Ease

Subscribe for Maritime Logistics Professional E‑News

Wallenius Wilhelmsen, a car transporter, warns that US port fees will increase the cost of automakers.
Europe probes Chinese bidder in Lisbon railway project over possible market distortion
Sources say that Russia's Tuapse has halted fuel imports following drone attacks and the refinery was shut down.