Maersk CEO on Rising Freight Rates, Profit Forecast, Divestments

The CEO of Maersk discusses the company's improved profit forecast due to increased freight rates and market growth, despite global trade restrictions. The discussion covers the impact of tariffs, fuel efficiency strategies, and Maersk's divestment plans, including the spin-off of its drilling business in 2019.

What factors contributed to Maersk's decision to raise its profit forecast?

• Decrease in freight rates

• Improved margins in logistics and ports

• Reduction in operating costs

• Increase in global trade restrictions

What is one reason for the strong imports to the USA from China?

• Reduction in shipping capacity

• Increase in tariffs

• Decrease in freight rates

• Building up inventories ahead of tariff increases

How is Maersk addressing its fuel consumption?

• Reducing the number of shipping routes

• Improving fuel efficiency through technology

• Switching to alternative fuels

• Increasing the number of ships

What is Maersk's plan for its drilling business?

• Merge it with another company

• Spin it off as a standalone business

• Sell it to a competitor

• Expand its operations

When is Maersk planning to list its new standalone business?

• In 2021

• In 2018

• In 2019

• In 2020