Maersk’s profitability triples during record year

With freight rates soaring and supply chains feeling the strain, Maersk’s EBITDA tripled to US$24bn in an exceptional year for container shipping lines.

The Danish company delivered a revenue of US$61.8bn, up 55%, which was driven by higher freight rates in ocean, volume increases and acquisitions in its logistics division and higher global demand and increased storage income at its terminals.

Søren Skou, CEO of A.P. Moller – Maersk, said: “Exceptional market conditions led to record-high growth and profitability in A.P. Moller – Maersk, however it also led to supply chain disruptions and severe challenges for our customers.