Container

Liner majors bolstered by longer voyages and crowded ports

The attacks on ships in the Red Sea have set off a domino effect, which on Monday made Maersk upgrade its full-year profit guidance.
Maersk's management, led by Vincent Clerc, has upgraded its outlook for 2024, but it's a cautious upward revision due to the strong market, analysts say. | Photo: Denis Balibouse/Reuters/Ritzau Scanpix
Maersk's management, led by Vincent Clerc, has upgraded its outlook for 2024, but it's a cautious upward revision due to the strong market, analysts say. | Photo: Denis Balibouse/Reuters/Ritzau Scanpix
by JENS THOMSEN

Monday’s upward revision from Maersk could be the first in a wave of raised earnings forecasts from listed container lines benefiting from congestion in several major ports and disruption to shipping in the Red Sea.

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