Maersk Raises Full-Year Outlook Despite Q3 Dip
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Wednesdays
Categories:
Maersk, the worlds second-largest container shipping line, reported a dip in revenue for Q3, but raised its full-year financial predictions. Despite weaker freight rates and lower earnings, Maersks new East-West network boosted ocean performance, leading to better reliability, higher shipping volumes, and reduced costs. The companys container volume grew by 7%, outpacing the market, and its full-year EBITDA is now projected between $9.0 and $9.5 billion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
