Amid no signs of conflict easing in the Middle East, AP Moller-Maersk has increased its profit guidance for the year.
The liner giant expects its free cash flow to reach at least $2bn this year, up from a previous forecast of at least $1bn.
“Due to the continued supply chain disruption caused by the situation in the Red Sea, which is now expected to continue at least until the end of 2024, coupled with robust container market demand, APMM upgrades its full-year 2024 guidance,” it said on Thursday.
