
Notwithstanding “slower global demand growth” and “lower freight rates” – indeed, the peak season turned out to be a damp squib, and container spot rates have collapsed since August – Maersk yesterday upgraded its ebitda guidance for 2019 from $5bn to $5.4 – $5.8bn.
It attributes the better-than-expected full-year outlook to “strong reliability and capacity management” in its liner business, along with “continued margin improvements” in its terminal and towage sectors.
Additionally, Maersk said, it had benefited from lower fuel ...
Comment on this article