Maersk has adjusted its profit expectations for 2010, with levels predicted to surpass the $3.5bn made by the shipping giant in 2008.
The company has changed its stance from its projections on 4 March 2010, which originally forecasted a modest profit.
The company cited favourable freight rates, oil prices and the US exchange rate on top of accounting gains made from the sale of shares in the Yantian terminal in China for the upward adjustment.
This level could yet rise again, pending UK approval for Dansk Supermarked’s sale of Netto Foodstores. Possible gains from the sale have not been included in the new estimates.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData