Maersk Persists! Quarterly Profit Increases Against All Odds

There have been lower container volumes due to the shipping crisis, but A.P. Moller-Maersk has still managed to receive record-high quarterly earnings. 

Container ship shortage and port congestion haven’t deterred Maersk from their ultimate goal of supporting their customers and pushing their containers through the supply chain. CEO of Maersk, Soren Skou, has stated: 

“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.”
– Søren Skou, CEO of A.P. Moller-Maersk

Their final third-quarter earnings prior to interest, tax, depreciation, etc. tripled to $6.9 billion, and Maersk has reported that they would extend their share buy-back program by an additional $5 billion over the next few years until 2025. 

Current trading conditions and logistics are still at high levels of cost and uncertainty, but Maersk is confident in its ability to adapt and provide appropriate services. 

“As a natural next step in expanding our multi logistics offering we today announce the acquisition of SENATOR INTERNATIONAL and the ordering of additional aircraft, building on our existing Air Freight capabilities and adding even more flexibility to our customers supply chains.”  
– Søren Skou, CEO of A.P. Moller-Maersk

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