The shipping firm Maersk released a cautious forecast for its 2024 revenue, citing worries about an excess of container ships and disruptions in the Red Sea brought on by Houthi rebel attacks in Yemen. The announcement comes after the company had a sharp reduction in revenues in 2023, caused mainly by shipping industry overcapacity that resulted in a drop in freight prices.
Maersk saw a sharp fall in revenue from $81.5 billion to $51 billion in 2023, and its net profit fell by approximately...