Maersk has reported a net profit of $947m for the third quarter, compared with $520m a year earlier, and said it expected an even stronger result in Q4.
Despite a 1.4% year-on-year decrease in group revenue, to $9.92bn, ebitda surged 39% to $2.3bn, driven by lower fuel costs and higher freight rates from its container liner business.
Maersk’s ocean sector contributed an ebitda of $1.8bn, up by $511m on the same period …
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Source: The Loadstar