A.P. Moller – Maersk says due to continued supply chain disruptions caused by the ongoing situation bongdaso dữ liệu the Red Sea/Gulf of Aden and robust container market demand, the company now expects the global container market growth to be between four to six per cent and to grow bongdaso dữ liệu line with the market compared to the previous expectations of toward the upper end of 2.5 to 4.5 per cent.
Maersk said it continued to build momentum bongdaso dữ liệu the second quarter reporting volume growth across all segments and improved financial performance with EBIT margin reaching 7.5 per cent compared to 1.4 per cent bongdaso dữ liệu the first quarter. Results were driven by increased profitability bongdaso dữ liệu ocean, growth bongdaso dữ liệu logistics and services and excellent performance bongdaso dữ liệu terminals. Based on the prolonging of the crisis bongdaso dữ liệu the Red Sea and a continued robust market demand, Maersk upgraded its guidance for 2024 on Aug. 1.
“Our results this quarter confirm that performance bongdaso dữ liệu all our businesses is trending bongdaso dữ liệu the right direction. Market demand has been strong, and as we have all seen, the situation bongdaso dữ liệu the Red Sea remains entrenched, which leads to continued pressure on global supply chains,” said Maersk CEO Vincent Clerc. “These conditions are now expected to continue for the remainder of the year. We have invested bongdaso dữ liệu additional equipment bongdaso dữ liệu all our businesses to adapt to the situation and continue supporting our customers through the disruptions. As we look ahead, our focus remains on leveraging organic growth while exploring opportunities for value-accretive acquisitions particularly bongdaso dữ liệu logistics. We will maintain tight cost control and high asset utilization, and further execute on our fleet renewal program.”
Ocean saw strong volume growth and higher freight rates, primarily bongdaso dữ liệu Asia exports, reflecting the increased supply chain pressure, while the situation bongdaso dữ liệu the Red Sea and rerouting south of Cape of Good Hope continued to lead to higher operating costs. Profitability returned to positive territory, and while below the same quarter last year, performance was significantly better compared to Q1 2024 and Q4 2023.
Logistics and services grew by seven per cent compared to the year prior and increased volumes across all product families more than offset low rates. Profitability improved both sequentially and year on year, positively impacted by increased asset utilization, good cost control and progress on initiatives to address customer implementation challenges bongdaso dữ liệu the ground freight business bongdaso dữ liệu North America.
Terminals continued to deliver volume growth, particularly bongdaso dữ liệu North America. Revenue per move increased significantly due to higher tariffs and higher storage, while cost per move increased slightly. Effective cost management and robust revenue growth supported profitability, leading to one of the highest EBITDA levels ever.
Source: https://www.insidelogistics.ca/forecasting/maersk-adjusts-its-global-container-market-growth-estimates-188922/
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