Shipping giant Maersk hikes full-year outlook after strong second-quarter

This post was originally published on this site

“The strong quarterly performance is mainly driven by the continuation of the exceptional market situation with strong rebound in demand causing bottlenecks in the supply chains and equipment shortage,” Maersk said in a statement.

Maersk now forecasts full-year underlying earnings before interest and taxes (EBIT) in the range of $14 billion-15.5 billion, up from a previous estimate of between $9 billion-11 billion.

The company also posted preliminary second-quarter revenue of $14.2 billion and EBIT of $4.1 billion.