Maersk Stays Resilient Amid U.S. Recession Fears And Rising Costs

Capt. John
  • Maersk’s CEO, Vincent Clerc, stated that U.S. inventories are not at worrying levels, and container demand remains robust, suggesting the economy may avoid a significant slowdown.
  • Maersk reported a decrease in underlying profit to $623 million and revenue to $12.77 billion for the second quarter, partly due to reduced freight rates and higher operational costs.
  • The company faces higher costs from Red Sea diversions, which are affecting shipping routes and leading to increased freight rates,...

https://mfame.guru/maersk-stays-resilient-amid-u-s-recession-fears-and-rising-costs/

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