Maersk Line reported negative EBIT for 1Q
Maersk Line reported negative $161mn at EBIT level for 1Q 2024, failed to turn-around as its other liner peers did. The relatively less efficient operation may have led to bigger sequential volume drop for Maersk Line during 1Q 2024, comparing to its peers, which led to higher unit costs. Management revised up the lower end of the full year 2024 guidance from negative $5bn given few months ago to negative $2bn at this result. But the main takeaway for the market is that Maersk is still guiding