Maersk performs strongly in third quarter and raises guidance to over US$5bn for 2024

AP Moller-Maersk (Maersk) has recorded growth across all segments of its business in the third quarter of this year and has increased its full-year underlying EBIT to between US$5.2-5.7bn, which was previously US$3-5bn. 

Combined with strong container market demand and the continuation of the Red Sea crisis, Maersk now expects global container market growth for the full year to be around 6%, having expected it to be between 4-6%. 

Consolidated EBITDA more than doubled to US$4.8bn while EBIT increased by more than 500% to US$3.3bn and revenue grew by 30% to US$15.8bn.