The shipping giant made huge profits with fewer containers

By: Trademagazin editor Date: 2021. 11. 02. 11:01

Profits of Danish shipping and logistics giant Moller-Maersk jumped in the third quarter, due to a significant increase in transportation costs and a decrease in the number of containers shipped, origo wrote.

The Danish giant made more profit with fewer containers, image: maersk.com

Moller-Maersk posted a 5.5 billion USD third-quarter profit after tax from 950 million USD a year before.

Earnings before interest, taxes, depreciation and amortization (EBITDA), which were more closely monitored by experts, rose to 6.9 billion USD from 2.4 billion USD in the third quarter last year.

Moller-Maersk’s quarterly revenue rose from 9.9 billion USD to 16.6 billion USD. (origo)