Strong third-quarter volumes have the world’s second-largest ocean container line upgrading its forecast for higher full-year returns. The post Strong ocean container market boosts Maersk guidance appeared first on FreightWaves.

A.P. Moller-Maersk A/S, a bellwether for global trade, increased its full-year guidance for a fourth time in less than six months, citing stronger demand and higher freight rates caused by supply chain disruptions from the attacks in the Red Sea.

The world’s second-biggest liner said it now expects underlying earnings before interest, taxes, depreciation and amortization between $11 billion and $11.5 billion, up from a prior forecast from $9 billion to $11 billion.

A.P. Moller-Maersk A/S increased its full-year guidance for a fourth time in less than six months, citing stronger demand and higher freight rates caused by supply chain disruptions from the attacks in the Red Sea.

Shipping giant A.P. Moller-Maersk (OTCPK:AMKBF) (OTCPK:AMKBY) +4.8% in Monday's trading after again raising its guidance for full-year profit, citing positive Q3 results as well as strong container market demand and continued disruptions in the Red Sea.

The world’s second-biggest liner raised its outlook for the fourth time this year after posting a surge in revenue and underlying earnings on strong freight demand and tight capacity.