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rdf:type	schema:NewsArticle
schema:articleBody	Surging demand during the coronavirus pandemic will power shipping giant AP Moeller-Maersk past its own earnings forecasts with massive growth in the first quarter, it said in preliminary figures. The Danish group released late Monday an "unaudited" revenue figure of $12.4 billion (10.2 billion euros) for January-March -- up almost 30 percent on the same period last year. Meanwhile it forecast operating profit before interest and taxes (EBIT) of $3.1 billion, ahead of a full quarterly report on May 5. "Continued strong performance is mainly driven by the continuation of the exceptional market situation with surging demand leading to bottlenecks in the supply chain and equipment (containers) shortage," the company said. Seaborne freight volumes have increased 5.7 percent, while average prices have shot up 35 percent year-on-year in the first quarter, it added. Maersk lifted its full-year EBIT forecast to $9-11 billion, almost double its previous estimate. With operations in 130 countries, Maersk employs around 80,000 people worldwide. cbw/nzg/tgb/wdb
schema:headline	'Exceptional' demand delivers strong Q1 for Maersk
schema:mentions	Maersk Supply chain Audit Denmark Pandemic Coronavirus Seaborne Freight NZG Models Earnings before interest and taxes
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	70 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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