News / As coronavirus goes global, Maersk prepares for a major financial hit

As the coronavirus crisis continues, and begins to impact global share prices, Maersk’s guidance for a mid-point lower ebitda of $200m less than 2019 looks increasingly inadequate.

However, in fairness to the Danish logistics giant, no economics experts can realistically claim to accurately predict the final financial damage from Covid-19.

And its peers, like MSC, with its additional investment in the cruise line business that is likely to be hammered by the virus, and the highly-leveraged CMA CGM, also face considerable uncertainty ...