Maersk reports 41% Q3 revenue increase in Ocean segment, upgrades 2024 earnings guidance.

A.P. Moller-Maersk reported significant third-quarter growth, driven by its Ocean segment, which saw a 41% revenue increase to $11.1 billion. The company upgraded its 2024 earnings guidance to an underlying EBIT of $5.2 to $5.7 billion, up from $3 to $5 billion. Improvements were noted across Logistics & Services and Terminals, with the latter achieving record revenue in North America. Overall, Maersk anticipates global container demand growth of 6%.

October 31, 2024
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