Danish shipping giant AP Moller-Maersk has scrapped its earnings guidance for 2020 due to uncertainty caused by the coronavirus pandemic.
The company said Ebitda, before restructuring and integration costs for the first quarter, is expected to be around $1.4bn.
Maersk has been affected by weak volume development this year, but helped by "strong implementation" of its IMO 2020 strategy, both in terms of cost-reduction initiatives and fuel-price recovery from customers, the Copenhagen-listed outfit said.
