Reported 25 days ago
A.P. Moller-Maersk experienced a rise in profits and revenue in Q3, driven by higher freight rates, despite only a 0.3% increase in container volumes. Revenue in the ocean segment rose significantly to $15.8 billion, while profits rebounded from a loss to $2.8 billion. Challenges including disruptions from Houthi rebel attacks and labor union strikes impacted shipping routes and volumes. Maersk adjusted its earnings guidance upward, reflecting continued growth in its Logistics & Services segment and record revenues in its Terminals segment.
Source: YAHOO