Notwithstanding “slower global demand growth” and “lower freight rates” – indeed, the peak season turned out to be a damp squib, and container spot rates have collapsed since August – Maersk yesterday upgraded its ebitda guidance for 2019 from $5bn to $5.4 – $5.8bn.
It attributes the better-than-expected full-year outlook to “strong reliability and capacity management” in its liner business, along with “continued margin improvements” in its terminal and towage …
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Source: The Loadstar
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