‘Strong cost performance’ helps steer Maersk to another profitable quarter

Maersk says it learned a lesson from the financial crash and will not resort to a market-share grab to fill its ships during the pandemic downturn.
The company reported a net profit of $443m for the second quarter, which compares with a profit $154m for the same period of 2019.
This was achieved by a favourable combination of higher freight rates, lower bunker costs and substantial savings from the blanking of more …

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Source: The Loadstar

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