Liner CFOs are getting accustomed to using the shredder during the pandemic. Forecasts have tended to be way off, leading to many carriers repeatedly revising up their full year guidances.
The latest to do so today – for the second time in three months – is A.P. Møller – Mærsk, often considered a bellwether for the container shipping segment.
Notching up revenues of $21.7bn and an underlying EBITDA of $10.3bn for the second quarter, Maersk today cited the ongoing congestion in global supply chains for the continued elevated freight rates.
