This year has seen major supply chain disruptions, Ocean freight uncertainty and with all these challenges its for 5th time, Maersk has made statement of increase in there expected profit for this year.
(The Above image is a screenshot of a post on twitter posted by Mike Schuler)
The above statement for October is a sign of ocean freight increase in coming month when the peak season will start for exports from East to West, conventionally there have been high demand for cargo movement before Christmas.
Import cargo release for many western countries will be at hold from 25th Dec to 2nd Jan due to holidays and then from Mid Jan cargo flow is expected to rise.
Also the global container market is expected to grow by 6% for 2024, this has increased from the early prediction of 4% to 6%.
The exports market demand has increased.
Below is Maersk financial details for FY 23 to Q2 FY 24
(The above details have been taken from Maersk website – https://investor.maersk.com/financials/financial-reports)
The EBITDA for Q1-24 & Q2-24 is 3.7 billion USD and with the present announcement we expect a sharp increase in EBITDA for Q3-24 and Q4-24, with increase in Ocean Freight and high demand.
