Wednesday, April 28, 2021

Shipping: "Maersk Lifts Outlook on Surging Demand"

 From Maritime Logistics Professional, April 27:

Shipping group Maersk lifted its full-year forecasts after a strong first-quarter performance driven by high demand which has led to supply bottlenecks and higher freight rates.

Shares in Maersk rose 5% in early trading.

Maersk raised its outlook for underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) to $13-15 billion from $8.5-10.5 billion.

It expects underlying EBIT of $9-11 billion, up from 4.3-6.3 billion previously, Maersk said in a statement released late Monday....