Supply chain disruptions, demand see Maersk upgrade 2024 guidance

 Danish carrier Maersk has upgraded its 2024 guidance to an underlying EBITDA of $9-11 billion and EBIT of $3-5 billion (previously $7-9 billion and $1-3 billion, respectively), and free cash flow of at least $2 billion (previously at least $1 billion). The upgrade is based on "continued supply chain disruption caused by the situation in the Red Sea, which is now expected to continue at least until the end of 2024, coupled with robust container market demand," says an official release.