Danish shipping group AP Moller-Maersk again raised its outlook for 2021 on Thursday, riding on rising freight rates due to global supply chain congestion.
The coronavirus pandemic caused a shortage of container ships and log jams at ports during periods of high consumer spending, raising freight costs to record levels.
“The strong results have been driven by the continuation of exceptional market conditions at sea, which has further increased both long-term and short-term container freight rates,” Maersk said in a statement.
Maersk, which processes one-fifth of containers shipped worldwide, has 220 pre-interest, taxes, depreciation and full-year EBITDA before amortization, up from an earlier estimate of $ 18-19.5 billion. Expected to be ~ $ 23 billion.
Shipping companies, which will announce full third-quarter earnings on November 2, also reported nearly $ 7 billion in interest, taxes, depreciation and pre-amortization profit (EBITDA) and nearly $ 6 billion in EBIT. ..
Maersk raises 2021 outlook for fare increases
Source link Maersk raises 2021 outlook for fare increases