Maersk again ups earnings guidance on surging freight demand

Mærsk is revising its annual outlook. (Image: Alex Cairns)

Tue, 04 Jun 2024

By Ben GlickmanA.P. Møller-Mærsk raised its full-year guidance for the second time in barely over a month, as disruptions in the Red Sea and strong shipping demand continue to buoy global freight rates.The Denmark-based carrier today said it expected freight rates to keep marching higher through the rest of the year due to strong container market demand and ongoing disruption in the Red Sea, where attacks by Yemen’s Houthis have forced ship operators to divert vessels thousands of miles.Mærsk said it now sees signs that...

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