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Maersk second-quarter beats expectations, warns trade war may hurt container business

Maersk second-quarter beats expectations, warns trade war may hurt container business
FILE PHOTO: The Maersk Line container ship Maersk Sentosa is helped by tugs as it navigates the River Mersey in Liverpool, Britain, July 31, 2018. REUTERS/Phil Noble   -   Copyright  PHIL NOBLE(Reuters)
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COPENHAGEN (Reuters) – Shipping group A.P. Moller-Maersk <MAERSKb.CO> on Thursday posted second-quarter profit above expectations and reaffirmed its full-year guidance but 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.

(Reporting by Jacob Gronholt-Pedersen; editing by Jason Neely)

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