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Freight

AP Møller-Mærsk upgrades 2020 ebitda guidance to $8bn-$8.5bn

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© David Tulchinsky

Here’s the latest news from AP Møller-Mærsk (APMM), released today @ 16.23 GMT after the market closed (Q3 ’20 results are due tomorrow):

Upgrading the full year EBITDA guidance for 2020

Based on the preliminary financial figures for October and the increased momentum in the fourth quarter in global container volumes and freight rates in its Ocean business, A.P. Møller ? Mærsk A/S (APMM) now expects a full year 2020 EBITDA before restructuring and integration costs in the range of USD 8.0-8.5bn …

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