Ocean X: China post-CNY – less cloud, more balloon; Mærsk's moves; a tough Q4
Things are looking up, in China at least
A.P. Møller ? Mærsk A/S – Trading update for Q2 2022 and 2022 full year guidance adjustment
A.P. Møller ? Mærsk A/S (APMM) has recognised for the second quarter of 2022 a financial performance ahead of our previous expectations with a revenue of USD 21.7bn, an underlying EBITDA of USD 10.3bn and an underlying EBIT of USD 8.9bn. The strong result is driven by the continuation of the exceptional market situation within Ocean.