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Maersk Raises Outlook as Shipping Giant Sees Demand Rebound

(Bloomberg) — A.P. Moller-Maersk A/S raised its full-year guidance amid a recovery in demand and sweeping efforts to cut costs.



a large ship in the background: Inside DP World Plc London Gateway Port


© Bloomberg
Inside DP World Plc London Gateway Port

The container shipping company, which is eliminating hundreds of jobs, said earnings before interest, taxes, depreciation and amortization will be in the range of $7.5 billion to $8 billion, before restructuring and integration costs. That compares with an earlier forecast of $6 billion to $7 billion, according to a statement.

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“The upgrade underlines the strong earnings momentum,” Brian Borsting, a credit analyst at Danske Bank A/S, said in a client note.

Copenhagen-based Maersk, which transports about 15% of the globe’s seaborne freight, said there was a “continued recovery in demand” in the third quarter. It reported revenue of $9.9 billion for the quarter, and an EBITDA before costs of $2.4 billion.

Maersk is undertaking a major restructuring as the

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Cryometrix trailers – a potential match for Tesla electric trucks for pollution free shipping of COVID-19 Vaccines

Cryometrix CB-40 TRU

Pollution-free refrigerated trailer - no compressor, Salt Lake City, UT. PHOTO/Reflect Scientific
Pollution-free refrigerated trailer – no compressor, Salt Lake City, UT. PHOTO/Reflect Scientific
Pollution-free refrigerated trailer – no compressor, Salt Lake City, UT. PHOTO/Reflect Scientific

OREM, Utah, Oct. 12, 2020 (GLOBE NEWSWIRE) — Reflect Scientific, Inc. (Symbol:RSCF), is a provider of diverse products and services for the biotechnology, pharmaceutical and transportation industries. With several companies working towards introducing electric powered heavy-duty trucks, the Cryometrix 53-foot reefer trailer is ideally positioned to complete an all green package that replaces the diesel-powered tractor-trailers that are currently in use for transportation of goods requiring controlled temperatures.

The need for reliable cold chain management systems is becoming more evident in today’s world as we are faced with the increasing challenge of delivering perishable payloads such as pharmaceuticals and biologics to the point of use. The Cryometrix technology offers a reliable, pollution-free system with a flexible wide-ranging temperature setpoint control that can be

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