Disappointing Q4 sees Maersk Line miss profit target for 2017

Tougher market conditions, due to lower freight rates and higher fuel costs in the final quarter, meant that Maersk Line missed its full-year profit target.
Maersk Group’s guidance – which it reiterated in November – was for an improvement of around $1bn for the carrier, which lost $384m in 2016.
And despite the Petya cyber attack in the summer, Maersk was confident it could still achieve its guidance.
However, requiring a modest $158m profit in …

The post Disappointing Q4 sees Maersk Line miss profit target for 2017 appeared first on The Loadstar.

Source: The Loadstar

Be the first to comment on "Disappointing Q4 sees Maersk Line miss profit target for 2017"

Geef een reactie

Het e-mailadres wordt niet gepubliceerd. Vereiste velden zijn gemarkeerd met *

*