COPENHAGEN, August 15 -- Shipping group A.P. Moller-Maersk (MAERSKb.CO) on Thursday posted second-quarter profit above expectations and reaffirmed its full-year guidance.
But Maersk also warned a trade war between the United States and China could hurt the container sector. Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled $1.36 billion (1.13 billion pounds), topping the $1.24 billion forecast by analysts in a Reuters poll. Maersk, the world’s largest container shipping company, said it still expects EBITDA for the full year to total $5 billion.