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Maersk CEO sees possible upside to 2017 market growth outlook


Thursday, 11 May 2017 04:56am EDT 

May 11 (Reuters) - A. P. Moller-Maersk A/S CEO Soren Skou made following comments on a conference call following the firm's Q1 earnings::"In terms of your question on whether we are too conservative on our market growth guidance or whether there is a risk of that, I guess the answer to that is yes we have been surprised on the upside with growth in this first quarter"."We have decided not to upgrade our market demand growth forecast yet, because we are not 100 percent sure about what is the driver and is this just some quarterly inventory movements that is blurring the picture".Maersk said in its first quarter report that the global demand for seaborne container transportation is still expected to increase by 2-4 percent in 2017. 

Company Quote

10270.0
-210.0 -2.00%
17 Nov 2017