Shipping icon Moller-Maersk hikes full-year outlook following robust second-quarter
Danish shipping group A.P. Moller-Maersk Monday significantly hiked its outlook for the year after posting strong preliminary results as chaotic conditions in the global supply chain have pushed freight rates up.
Published 5 years ago on Aug 3rd 2021, 2:44 pm
By Web Desk
"The strong quarterly performance is mainly driven by the continuation of the exceptional market situation with strong rebound in demand causing bottlenecks in the supply chains and equipment shortage," Maersk said in a statement.
Maersk now forecasts full-year underlying earnings before interest and taxes (EBIT) in the range of $14 billion-15.5 billion, up from a previous estimate of between $9 billion-11 billion.
The company also posted preliminary second-quarter revenue of $14.2 billion and EBIT of $4.1 billion.
SOURCE: REUTERS
The mess that Kristi Noem made
- 10 hours ago
USA Basketball's road to 2028: New era, new coach, new decisions
- 11 hours ago
US democracy has repaired itself before. Here’s how we can do it again.
- 10 hours ago
PAF pursues modernisation to transition into next generation Air Force: Chief
- 2 hours ago
Why people are craving a different kind of therapy right now
- 10 hours ago
2026 draft prospects get important advice from NFL rookies
- 11 hours ago
Carlisle questions NBA's process for Pacers' fine
- 11 hours ago
Operation Ghazab lil-Haq: Pak Armed forces destroy several key Afghan posts
- 2 hours ago
I’m super impressed with the Galaxy S26 Ultra’s new Privacy Display
- 3 hours ago
The Galaxy S26 and S26 Plus are more of the same for more money
- 3 hours ago
China calls for Afghanistan-Pakistan ceasefire
- 2 hours ago
Are Kevin O'Connell, Rob Brzezinski interested in the Vikings' open GM role?
- 11 hours ago
You May Like
Trending
