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 4 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
OGRA hikes kerosene oil price
- an hour ago
Broncos penalty gives Colts second chance, win
- 3 hours ago
Australia bans social media for under-16s in landmark global move
- 4 hours ago
Qatar won’t be attacked again, says Trump after Israeli strikes
- 3 hours ago
Transfer rumors, news: Real Madrid eye Salah free transfer
- 3 hours ago
9th Pakistan Industrial Expo 2025 announced
- 4 hours ago
Kazakhstan bans forced marriages and bride kidnapping
- 2 hours ago
Cinema legend Robert Redford dies at 89
- 28 minutes ago
FIA cracks down on illegal migration: 13 caught en route to Iran
- 2 hours ago
Who are MLB's teams to beat this October -- and who could take them down? Execs, insiders weigh in
- 3 hours ago
Lahore police arrest man for sexually assaulting stepdaughter
- 3 hours ago
Power Rankings: Big wins and early breakout stars following Week 3
- 3 hours ago
You May Like
Trending
