- A.P. Moller-Maersk may generate $1.5 billion more in operating profit this year.
- Soren Skou expects container volumes to be back at 2019 levels by the beginning of next year.
- Shares in the company soared as much as 7.4% when trading started in Copenhagen.
- Maersk managed to cut operating costs by 16% in the second quarter.
- There was a 4.5% rise in freight rates, more than offset a 16% drop in volumes.
- Maersk’s results suggest that the container shipping industry may be entering a positive cycle.
https://mfame.guru/a-p-moller-maersk-records-profit-in-q2-amid-covid-19/