Less gloomy traffic forecast

Maersk’s bitter-sweet 2nd quarter

by Port News Editorial Staff

A good dose of blank sailings and a shrewd cost containment policy allow Maersk to revise its forecast upwards for the second quarter. The effects of the Coronavirus emergency will result in a 15-18% drop in containerized volumes between April and June, and no more than 20-25% as originally expected.

The Danish shipping group, which has managed to adapt its capacity promptly to market fluctuations, expects an increase in earnings for each TEU in the second quarter and, therefore, a better EBITDA than the $1.5 billion attained in the first quarter.

However, the current global uncertainty does not allow the shipping line to develop annual forecasts, which remain suspended for the time being.

Translation by Giles Foster

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