News / Maersk issues profit warning as container line feels the ripples of weak peak season

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Maersk Group today issued a profit warning after returns from its container line continued to significantly deteriorate into October.

The company said the poor financial performance by Maersk Line meant its underlying group third-quarter result was expected to be around $600m worse than the guidance issued in August.

Maersk Line recorded a $1.2bn net profit in the first six months of the year, but instead of the previous full-year outlook of “above $2.2bn”, it now expects a profit of just $400m for ...