Maersk said its financial results for the third quarter of the year were in line with expectations in a “difficult market environment” with rates well off their last year peak and tested by the increase of capacity in Ocean.
The Danish shipping giant reported revenue of US$12.1 billion in 2023 Q3, falling about 47% year-over-year, with an EBIT margin at 4.4% impacted by lower freight rates and decreased box volumes.
Vincent Clerc, CEO of Maersk, commented, “Our industry is facing a new normal...
https://container-news.com/maersks-earnings-and-revenues-plummet/