A.P. Moller-Maersk Records Profit in Q2 Amid COVID-19

Capt. John
  • 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/

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