Maersk expects global container volumes to decline by between 1% and 4% this year, amidst a prolonged inventory correction and continued destocking, although it has upgraded its EBITDA guidance due to cost control measures.
The Danish company had previously predicted market growth within the range of -2.5% and +0.5%.
However, the carrier has raised its EBITDA expectations for the year from US$8-11bn to US$9.5-11bn, citing cost measures providing support to profitability in Q2 2023, which will be sharpened across all segments in the remainder of the year.
You need a free subscription to read the entire article.
Login if you have already subscribed.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.