Maersk CEO Sees Passing Higher Oil Shock Costs to Customers (1)

The chief executive officer of A.P. Moller-Maersk A/S said the oil shock caused by the Iran war will significantly raise costs this quarter and next, which the world’s No. 2 container carrier will seek to fully pass on to customers.

The conflict has raised expenses by about $500 million a month, Maersk CEO Vincent Clerc said in an interview on Bloomberg Television on Thursday.

“So far we are able to maintain our guidance because our experience is that we’re able to pass those costs on to our customers,” he said. “We’re positive that we can maintain this in the quarters ...