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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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International Shipping |
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| Maersk's 3rd best year, up 65pc to US$6.5b profit |
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Date:2025-02-13 Readers:
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POSTING its third-best financial year in 2024, Danish shipping giant AP Moller-Maersk recorded and operations profit increased (EBIT) 65 per cent to US$6.5 billion, reports London's Port Technology International.
Results were driven by higher container demand, elevated ocean freight rates top line and volume growth in terminals, and solid improvements in most logistics and services.
Terminals delivered its best-ever financial results in 2024 with EBITDA and EBIT reaching record highs, said the company.
"High utilisation and cost discipline ensured that ocean operations were streamlined and able to tackle uncertainties.
"Operational costs were stable year on year, offsetting the increased costs and additional bunker consumption of re-routing the network south of the Cape of Good Hope," Maersk said.
"Our ability to navigate shifting circumstances and ensure steady supply chains for our customers was put to the test throughout 2024," said group CEO Vincent Clerc.
"We successfully capitalised on increased demand while enhancing productivity and rigorously managing costs - all of which contributed to our strong financial performance," he said.
Last month, Grundfos, the largest pump manufacturer in the world, partnered with Maersk to accelerate electric truck deployment.
https://www.shippingazette.com/news?news_id=9250200000335
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