
A.P. Moller-Maersk reported strong financial results for the third quarter of 2024, with revenues reaching $15.76 billion, surpassing the expected $15.12 billion. The company's EBITDA was $4.80 billion, exceeding estimates of $3.96 billion. Ocean revenues also performed well at $11.11 billion, above the anticipated $10.57 billion. The loaded freight rate per forty-foot equivalent unit (FFE) was $3,236, significantly higher than the estimated $2,850. Maersk has maintained its full-year underlying EBITDA outlook of $11 billion to $11.5 billion. Following the earnings report, Maersk's stock jumped approximately 7% in European trading. Additionally, container freight futures experienced a notable increase, rising around 5% on the previous day and opening up another 1.5% today. ZIM Integrated Shipping Services also showed strong performance, with its stock up nearly 10% and continuing to attract positive sentiment amid rising freight rates and futures.
Higher freight rates more than offset modest container volume gains as A.P. Moller-Maersk saw revenue and profits improve in the third-quarter. https://t.co/Ra07Tz3dGX
Big Jump in FBX: - FBX: 3538 (+291) $ZIM $MAERSK
Tankers tried to open green, but now mainly down. $TRMD and $HAFN holding up the best at +1% Strong Oil day up 2.5% $FRO $NAT $TEN $TRMD $BWET $STNG $TNK $DHT $INSW $ASC $ECO $HAFNI https://t.co/ZOg0G1SniX






















