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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.