AP Moller-Maersk warned that container trade could decline this year due to the ongoing supply chain crisis even as the shipping giant upgraded its annual profit forecasts by a quarter.
The Danish group, the world’s largest container line by profits but second-biggest by capacity, boosted its full-year guidance after its first-quarter results came in above expectations thanks to continued high freight rates.
Maersk now expects its underlying earnings before interest, tax, depreciation and amortisation to be $30bn this year, up from its previous forecast of $24bn and analysts’ average expectation of about $28bn.
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