By Ed Frankl


A.P. Moeller-Maersk expects overcapacity challenges that are plaguing the industry to continue potentially for the rest of the year, as it reported a sharp drop in earnings.

However, the Danish shipping giant raised the lower end of its full-year guidance, as a result of the robust container market and after strong volumes and tightened rates in the first quarter amid Red Sea traffic disruptions.


Write to Ed Frankl at edward.frankl@wsj.com


(END) Dow Jones Newswires

05-02-24 0241ET