Maersk Upgrades Prediction for 2019
Maersk has raised its profit forecast for 2019 leading renewed industry optimism and a 7% rise in Maersk’s share prices.
Maersk has made the announcement despite the ongoing U.S.-China trade war which has impacted global trade levels.
Maersk stated that it expected earnings before interest, taxes, depreciation and amortisation (EBITDA) to be between US$5.4 and $5.8 billion.
This is a significant rise from its previous expectation of around $5 billion.
The change in forecast clearly sees Maersk see potential in the present market after the world-leading liner recently warned that the US-China would hit container traffic hard throughout 2019.
Maersk said in a statement that the upgraded prediction was due to “...strong reliability and capacity management combined with lower fuel prices.”
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