the world's largest container shipping company posted an increase in operating profit of 25% to $1.7 billion in Q2 beating it's own expectations, as global trade recovers somewhat from the worst impacts of the coronavirus pandemic.
Søren Skou, Maersk's CEO said:"The continued improvement in operating results were driven by strong cost performance across all of our businesses, lower fuel prices and higher freight rates on Ocean and increased profitability in Logistics & Services." The company had given an initial guidance of $5.5 billion in March before suspending its full-year guidance due to the COVID-19 pandemic.
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