News / 'Scandalous' new surcharge wipes out effect of carrier rate hike moratorium

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The huge earnings of ocean carriers in the first half of the year will gather pace in Q3 and Q4, as old contracts expire to be replaced by new but much higher short- and long-term deals.

Maersk was obliged yesterday to again upgrade its full-year ebit guidance by a further $4bn-$4.5bn, after it reported Q3 trading was “significantly ahead of our previous expectations”, assessed during its outlook update in August.

It said it now expected its earnings for Q3 to be “close ...