Danish shipping group A.P. Moller-Maersk opens new tab said on Monday it had raised its full-year forecasts on the back of strong third quarter results, robust demand and the continuing disruption to shipping in the Red Sea.
Maersk said it had revised its outlook for global container market volume growth in 2024 to around 6% from a range of between 4% to 6% seen previously.
Maersk reported preliminary underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $4.8 billion for the third quarter. Analysts had forecast EBITDA of $3.7 billion for the period, according to LSEG data.
Source: Reuters