Maersk shares surged over 9% on Thursday after the shipping giant reported better-than-anticipated fourth-quarter earnings. The company attributed its strong performance to robust global trade, price increases, and capacity shortages. Maersk CEO Vincent Clerc expressed confidence in continued economic growth and predicted a 4% expansion in traded volumes.
Maersk shares jumped more than 9% after the shipping giant posted better-than-expected fourth-quarter results on Thursday.
"We saw growth across all three of our segments. We saw also a pretty strong price environment on the back of that growth and some shortages of capacity, so global trade continuing to be strong allowed us to deliver a very strong quarter," Maersk CEO Vincent Clerc told CNBC's"Squawk Box Europe" on Thursday.drove a huge spike to record highs
On this outlook, Clerc told CNBC that"certainly we will see some normalization on the price side, but we still expect the economy to chug along at quite some strength, with a 4% growth expected in the market and in the traded volumes."
SHIPPING FINANCIALS GLOBAL TRADE ECONOMY CORPORATE PERFORMANCE
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