According to an article published in The Loadstar, the peak trade season has turned out to be a damp squib.
Upgradation to EBITDA guidanceNotwithstanding “slower global demand growth” and “lower freight rates” – indeed, the peak season turned out to be a damp squib, and container spot rates have collapsed since August – Maersk yesterday upgraded its EBITDA guidance for 2019 from $5bn to $5.4 – $5.8bn.
It attributes the better-than-expected full-year outlook to “strong reliability and capacity...
http://mfame.guru/q3-report-maersk-benefits-from-lower-fuel-prices/