Demand surge helps Maersk post strong financial results

Maersk’s EBITDA jumped 44% to US$8.2bn last year with a record final quarter of the year for its logistics and terminals business following nine months of growing profitability.

Revenue over the whole year grew by 2% to US$39.7bn despite lower volumes in its ocean business and gateway terminals due to the negative impacts from COVID-19.

The demand surge in the second half of year created supply chain bottlenecks, including vessel and container shortages, and led to higher rates that contributed approximately US$1.5bn to results.