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Ocean contracts under strain amidst Red Sea diversions
Demand for ocean freight out of Asia picked up early in May, reflecting the possible start of restocking in Europe
Maersk upgrades full-year 2024 guidance on strong demand
Maersk now expecting underlying EBITDA of $7-9bn and EBIT of $1-3bn (previously $4-6bn and $-2-0bn, respectively)