Maersk has lowered its full-year underlying profit expectation after a difficult third quarter in which volumes, utilisation and unit cost performance all suffered.
Maersk CEO Søren Skou said the company ‘cannot be satisfied with our performance’ when detailing the quarterly results, in which the company lowered its full-year underlying profit forecast from in excess of US$1bn to around US$1bn.
Volumes at Maersk Line also suffered, dropping by 2.4% year-on-year to 5.2m teu, with the fall attributed to Junes Petya cyber-attack which will cost the carrier up to US$300m.
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