News / Maersk weathers stormy Q4 for box services, but fears looming overcapacity

Maersk

Maersk today reported a net loss of $442m in the fourth quarter of last year, dragged down by a collapse of freight rates and its container liner division recording an operational loss of $920m.

However, the company said, higher rates and surcharges as a consequence of the Red Sea crisis would boost earnings, but CEO Vincent Clerc stressed that this was “not a bonanza” like the Covid boom.

He said it was “just a matter of ...