Maersk, which had previously guided an EBITDA of around US$5.5bn for 2020, has suspended this guidance due to the uncertainties and lack of visibility related to the global demand for container transport, caused by the COVID-19 pandemic.
The outbreak of the coronavirus has severely impacted the global transport market and supply chains, leading the shipping and logistics company to pause its guidance, pending more clarity on the market development and financial implications.
The remaining part of its 2020 guidance of volume growth in its ocean business is expected to be in line or slightly lower than the market growth.
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