Record Q4 earnings drive Maersk 2020 profits towards $3bn

Danish shipping and logistics group Maersk reported a net profit of $1.3bn for fourth quarter of 2020, with an even better result expected for Q1 21. 
“We are full,” said CEO Soren Skou today, adding that Maersk’s liner sector is expected to remain full “well into Q2”. 
Record final-quarter earnings helped Maersk achieve a profit of $2.9bn for the full year, a result that looked highly unlikely at the start of the pandemic. 
On the …

The post Record Q4 earnings drive Maersk 2020 profits towards $3bn appeared first on The Loadstar.

Source: The Loadstar

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