A.P. Moller – Maersk, a major shipping company, has raised its financial outlook for 2024 for the third time this year. This positive adjustment is due to higher freight rates caused by disruptions in the Red Sea and strong container market demand. Maersk now expects to make around 7500 Crore on in EDIT profit (another profitability measure), with free cash flow from operations doubling to at least 200 Crore. This is a turnaround from late 2023 and early 2024 when the shipping industry faced falling rates and rising costs, leading to financial losses. Although Maersk's second-quarter results show improved revenue and profitability compared to earlier in 2024, they are still below last year’s figures. Maersk warns that trading conditions remain unstable due to ongoing disruptions in the Red Sea and potential strikes by dockworkers on the U.S. East Coast and Canada’s West Coast.