Maersk CEO Sees Passing Higher Oil Shock Costs to Customers
Maersk’s first-quarter earnings before interest, taxes, deprecation and amortization came in at $1.75 billion.
Photographer: Bing Guan/BloombergThe chief executive officer of A.P. Moller-Maersk A/S said the oil shock caused by the Iran war will significantly raise costs this quarter and next, which the world’s No. 2 container carrier will seek to fully pass on to customers.
The conflict has raised expenses by about $500 million a month, Maersk CEO Vincent Clerc said in an interview on Bloomberg Television on Thursday.