News / Another record profit for Maersk – but 'we are past the earnings peak'

© Sheila Fitzgerald

Maersk achieved a new record net profit of $8.9bn in Q3, but said it had “now seen the peak” in its “extraordinary earnings”, as lower freight rates and higher operating costs begin to impact its balance sheet.

Maersk’s consolidated revenue jumped by 37% in the third quarter, year on year, to $22.8bn, of which $18bn was contributed by its liner business.

Ebit for the nine-month period came in at $26bn, and Maersk has reconfirmed its guidance for the full-year for an ebit ...