High rates boost Maersk Q1 earnings

Increased freight rates caused by strong demand coupled with significant operational challenges such as bottlenecks, lack of capacity and equipment shortages in global supply chains led Maersk to earnings and growth across all its businesses in ocean, port services and logistics during the first quarter of the year.

Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of the Danish carrier increased to US$4 billion and EBIT to US$3.1 billion, while revenue improved by 30% to...

https://container-news.com/high-rates-boost-maersk-q1-earnings/

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