AP Moller-Maersk has warned that earnings this year could be $1.5bn less than forecast as the surging container market returns to normal.
The Danish container shipping giant issued a new Ebitda forecast of between $8.5bn and $10.5bn for 2021, with the lower end significantly below consensus estimates.
“Given the current exceptional situation where demand surge has led to bottlenecks in supply chains and equipment shortage, the first quarter of 2021 is expected to be stronger than the fourth quarter of 2020,” Maersk said.
