Maersk Upgrades Prediction for 2019

Maersk Upgrades Prediction for 2019

World-leading liner sees new potential for Q4

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.”

Read more: DP World Reveals Key Q3 Figures

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