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

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) for the year, was suspended until further notice. Preliminary results showed it made first-quarter..