Reported about 1 month ago
A.P. Moller-Maersk A/S has raised its full-year profit guidance for the fourth time in under six months, attributed to increased demand and freight rates driven by supply chain disruptions from recent Red Sea attacks. The company anticipates underlying EBITDA of $11 to $11.5 billion, which exceeds previous estimates. Although Maersk's short-term prospects face challenges such as potential overcapacity in 2025-26, it remains a significant player in the global shipping market.
Source: YAHOO