Maersk lifts its full-year guidance again-March 2024-www.financetom.com

Maersk lifts its full-year guidance again

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Maersk lifts its full-year guidance again

Aug 1, 2024 4:57 AM

COPENHAGEN (Reuters) -Shipping company Maersk on Thursday raised its full-year guidance on the back of strong container market demand and the crisis in the Red Sea.

Maersk now expects its underlying earnings before interest, tax, depreciation and amortisation in the range of $9 billion to $11 billion this year, up from its previous forecast of $7 billion to $9 billion.

"Due to the continued supply chain disruption caused by the situation in the Red Sea, which is now expected to continue at least until the end of 2024, coupled with robust container market demand, APMM upgrades its full-year 2024 guidance," the Danish company said in a statement.

Previous page： Sempra to sell Mexico energy assets, stake in infrastructure unit Next page： Market Chatter: Waterous Energy Banks Nearly US$1 Billion to Aggregate Small Canadian Oil Producers

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Sempra to sell Mexico energy assets, stake in infrastructure unit

Mar 31, 2025

(Reuters) - Utility firm Sempra ( SRE ) will sell some energy infrastructure assets in Mexico and a minority stake in Sempra Infrastructure to fund its five-year capex plan of $56 billion, it said on Monday. In February, the company had forecast a five-year capital plan of about $56 billion, a 16% increase from its prior plan, with over 90%...

Market Chatter: Waterous Energy Banks Nearly US$1 Billion to Aggregate Small Canadian Oil Producers

Mar 31, 2025

07:48 AM EDT, 03/31/2025 (MT Newswires) -- Waterous Energy Fund has raised nearly US$1 billion to invest in Canada's oil-and-gas sector, as the private-equity firm plans to repeat with another producer a consolidation strategy it followed with Strathcona Resources ( STHRF ) in its previous fund, The Wall Street Journal reported Monday. The WSJ said the Calgary, Alberta-based firm has...

Ravelin Properties REIT's Syndicate of Secured Lenders Assigns Credit Agreement to G2S2 Capital

Mar 31, 2025

07:51 AM EDT, 03/31/2025 (MT Newswires) -- Ravelin Properties REIT (RPR-UN.TO), previously Slate Office REIT (SOT-UN.TO), over the weekend said that the secured lenders party to its second amended and restated credit agreement dated Nov. 14, 2023, have completed a sale and assignment of all indebtedness and obligations under the syndicated credit agreement to G2S2 Capital, in the amount of...

Canada Is Bracing for U.S. Reciprocal Trade Tariffs, Says TD

Mar 31, 2025

07:47 AM EDT, 03/31/2025 (MT Newswires) -- Wednesday is the day that the United States is expected to announce reciprocal tariffs on all its trading partners and it already loomed large over the Canadian economy, said TD. Many questions remained, such as the coverage of countries and goods, and the size of the tariff, noted the bank. Then the Trump...