Maersk upgraded its full-year earnings guidance despite lower rates impacting profits in Q3. Revenue was $14.2 billion, down from $15.8 billion, with EBITDA at $2.7 billion and EBIT at $1.3 billion. Container volume grew 7%, outpacing market growth, but ocean freight rates fell by 30.7%. Maersk revised its full-year expectations, with EBITDA now forecasted at $9.0-$9.5 billion and EBIT at $3.0-$3.5 billion. CEO Vincent Clerc highlighted strong performance, improved reliability, and customer trust. Despite challenges, Maersk is positioned to help customers maintain supply chain stability.

Read more at Yahoo Finance: Maersk’s surprising strategy amid falling freight rates