Skip to Content

Maersk 3Q profit surges but shipper warns of ‘dark clouds’

KTVZ

COPENHAGEN, Denmark (AP) — The world’s biggest container shipping company Maersk has reported a substantially improved third quarter profit and sales on the back of higher ocean freight rates and acquisitions. But Maersk warned on Wednesday that there were “dark clouds on the horizon” in the business. The Copenhagen-based company said that profit before taxes stood at $9.5 billion in the July-September period in comparison to $5.9 billion a year earlier. Revenue increased 37% to $22.8 billion that was boosted by higher freight rates in the company’s main Ocean unit business and acquisitions completed in the Logistics unit.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content