Maersk reports record earnings, acquires German freight forwarder

November 10, 2021 Maritime Safety News

Danish shipping and logistics giant A.P. Moller – Maersk closed the third quarter of 2021 with record earnings.

Maersk
Maersk Essen entering the Port of Los Angeles. Image by Maersk

Revenue grew 68 per cent to $16.6 billion in Q3 2021 from $9.9 billion posted in the corresponding quarter a year earlier.

EBIT was up almost five times to $5.9 billion in Q3 2021 and EBITDA tripled to $6.9 billion, compared to $1.3 billion and $2.3 billion seen in Q3 2020, respectively.

“In the ongoing exceptional market situation, with high demand in the US and global disruptions to the supply chains, we continued to increase capacity and expand our offerings to keep cargo moving for our customers. Our integrator strategy is key to supporting our customers’ end-to-end logistics needs by designing a more stable Ocean business, strongly growing our logistics offering and relying on automated and efficient terminals,” Søren Skou, CEO of A.P. Moller – Maersk, commented.

 

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Maersk reports record earnings, acquires German freight forwarder