AP Moller-Maersk has raised its full-year earnings forecast after surprising the market with a better-than-expected set of third-quarter numbers.
The Danish giant expects to pocket $3.5bn in 2013, an improvement on the $3.3bn previously predicted and in line with consensus estimates, but short of the $4bn recorded in 2012.
The improved third quarter was driven by a stronger showing at boxship division Maersk Line, where lower bunker prices helped to trim 13% off costs while volumes also rose.
As
