Maersk hikes guidance as shipping costs rise on Red Sea disruption Shipping Maersk has hiked its full-year earnings guidance amid strong demand and continued disruption in the Red Sea.
Shipping stocks fall as Maersk schedules dozens of vessels to travel through the Suez Canal Shipping Denmark's Maersk has scheduled several dozen container vessels to travel via the Suez Canal and the Red Sea in the coming days and weeks.
Maersk: Shipping giant cutting at least 10,000 jobs as demand plummets – but won’t say UK impact Shipping The firm – the world’s second biggest shipping container business – declined to give details on the impact of the jobs losses on its UK operations.
Shipping giant Maersk warns of profit slump as post-Covid boom comes to an end February 8, 2023 Maersk has shrunk its profit expectations for 2023 as volumes and freight rates normalise after two booming years. The shipping giant announced today it expects its underlying EBITDA to be between $8bn (£6.6bn) and $11bn – 78 per cent down on last year’s $36.8bn. “Guidance is based on the expectation that inventory correction will be [...]
Maersk appoints logistics boss Vincent Clerc to top job December 12, 2022 Maersk has appointed shipping veteran Vincent Clerc to the top job as outgoing boss Soren Skou stepped down after over six years at the company’s helm. Chairman Robert M. Uggla said Clerc – who has led Maersk’s ocean and logistics branch since 2019 and will take over from Skou on 1 January – was the [...]
Maersk warns about future impact of China’s lockdowns despite record quarter May 4, 2022 Maersk has warned about the impact of China’s current lockdowns on its future performance, despite reporting record quarterly profits. “Further challenges arise from the ongoing Covid-19 lockdowns in China, and while the impact on the first quarter is limited, it may worsen the congestion environment in coming quarters as the situation develops,” the company said [...]
Maersk raises guidance after record profits but warns boom will die down later April 26, 2022 Maersk announced today it was raising its guidance for the year after it posted record profits for the first quarter. In the last three months, the group’s revenues went ahead of expectations to $19.3bn, while Maersk’s EBITDA amounted to $7.9bn. As a result of a 71 per cent increase in freight rates, the logistics giant [...]
Maersk follows MSC and halts cargo bookings in Russia March 1, 2022 Logistics giant Maersk has followed in MSC’s footsteps and decided today to halt all cargo bookings to and from Russia. Maersk said yesterday it was considering whether to halt suspend all container bookings in Russia, following the set of restrictions imposed by the EU on Sunday night. “We are closely following the ever-evolving situation with [...]
Maersk considers suspending container bookings to Russia February 28, 2022 Logistics giant Maersk said today it is considering whether to suspend all container bookings to and from Russia following the set of restrictions imposed yesterday by the EU. A land and ocean suspension of operations is among the sanctions under review. The group said it was closely monitoring the situation while it safeguards “our operations [...]
Meet WasteFuel, the company helping Maersk achieve its decarbonisation goals February 5, 2022 Shipping giant Maersk has recently made industry headlines when it announced it had decided to anticipate its net-zero deadline by a decade. Maersk, the second largest shipping operator in the world, announced in January it would become net-zero by 2040, a decade before its original target. Instead of complying with the International Chamber of Shipping’s [...]