Maersk reports strong Q2 results, adjusts 2021 full year guidance

A.P. Møller – Mærsk A/S (APMM) reports an unaudited revenue of USD 14.2bn, an underlying EBITDA of USD 5.1bn and an underlying EBIT of USD 4.1bn for Q2 2021. The strong quarterly performance is mainly driven by the continuation of the exceptional market situation with strong rebound in demand causing bottlenecks in the supply chains […]

Insurance body Allianz sums up risks arising from Covid

The shipping industry has shown great resilience through the pandemic but the crew change crisis, volatile trade volumes and constraints on capacity continue to have significant implications, says insurer Allianz Global Corporate & Specialty (AGCS) in its Safety and Shipping Review 2021, published this week. And although the pandemic has had “only a limited impact […]

‘Not done yet’: HSBC comments on strong liner market following Maersk results

A report issued today by HSBC Global Research predicts that the “exceptional” liner market situation commented upon by Maersk in its latest financial report could continue until at least the end of the year, and that “Q4 could surprise on the upside”. It is advising ‘Buy’ on the liner giant’s stock. The advisory note, by […]