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Shipping giant Maersk beats expectations despite 72% profit plunge on falling container rates

Danish shipping giant Maersk on Friday reported a sharp fall in second-quarter earnings on the back of plunging container rates, but still managed to beat market expectations and upgrade its full-year guidance. The world’s second-largest shipping company, often seen as a bellwether for global trade, posted a second-quarter profit before interest, tax, depreciation and amortization […]

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Shipping giant Maersk beats expectations despite 72% profit plunge on falling container rates

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