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Shipping firm Maersk sees first quarter up on last year, but suspends 2020 outlook

FILE PHOTO: The Maersk Line container ship Maersk Sentosa is helped by tugs as it navigates the
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COPENHAGEN (Reuters) - Cost-cutting and price rises will help Maersk deliver higher first-quarter earnings than a year ago, the shipping giant said on Friday, though it scrapped its full-year forecast due to uncertainty caused by the coronavirus pandemic. The Danish company said its guidance on earnings before interest, tax and amortisation (EBITDA), previously $5.5 billion (4.74 billion pounds)..
Date Published: Mar 20, 2020
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