Maersk lifts 2024 guidance by $3B

By Agence France-Presse

Jun 05, 2024 12:24 am

COPENHAGEN — Danish shipping giant Maersk on Monday said it expected its profits in 2024 to be $3 billion higher than previous projections as freight rates have increased amid the crisis in the Red Sea.

Months of Houthi attacks by Yemen's Iran-backed Houthis have prompted some shipping companies to detour around Southern Africa to avoid the Red Sea route which normally carries about 12 percent of global trade.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

China willing to talk with US on trade

Singapore economy grows 3.5%, hikes outlook

Japan govt oks $140-B stimulus

OpenAI considers taking on Google

ACT rules out higher offer for 7-Eleven

Top US securities regulator to exit, clearing way for Trump pick

Nissan cuts 1K jobs in Thailand