Maersk Raises Full-Year Earnings Outlook

2021-08-27

Maersk is making boatloads of profit as freight prices skyrocket. The company projects that demand will grow 6-8% for the rest of 2021; Q3 exports from China increase. As a result, it's adjusted its full-year earnings (before taxes, depreciation, and all that good stuff) from US$13-15bn to US$18-19.5bn. Explains Maersk: 'The strong quarterly performance is mainly driven by [chaos in the supply chain]'. However, its Q3 earnings will be volatile at best. Although earnings are expected to increase, Maersk expects sharp dips and spikes in demand.

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Cameroon: Banana Exports Increased in July 2021

2021-08-20

In July 2021, exports of bananas produced in Cameroon peaked at 12,459 tonnes, according to a compilation of statistics published by the Cameroon Banana Association (Assobacam). The exported shipments are up 764 tonnes compared to July 2020, when local producers shipped 11,695 tonnes to the international market. This improvement is the work of the Upper Punja Plantations (PHP) company. The local subsidiary of the Compagnie fruitière de Marseille posted exports of 10,352 tonnes in July 2021, 404 tonnes more than the 9,948 tonnes exported during July 2020. CDC performance also contributes to this improvement in export volumes.

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