Gemini and logistics growth now the focus as APMM posts healthy profits
Strong freight rates and resilient container shipping volumes for most of last year delivered healthy ...
Maersk has recorded the best quarter in its history, reporting a net profit of $2.7bn for the first three months of the year, compared with $209m for Q1 20.
The Danish transport and logistics group attributed “around $2bn” of the result to the “extraordinary market conditions”.
And Maersk’s profit for the period could have been even higher if it had filled its ships with more cargo from the lucrative spot market.
Nevertheless, the first-quarter result is just $2m short of its earnings for ...
Congestion at Vancouver worsens – but it's not all the port's fault
Price war as carriers compete for cargo driving down container spot rates
India's customs duty cut opens the road for Tesla imports
Up to $1.5m fee for every Chinese-built box ship calling at a US port
Airfreight rates rising gently as ecommerce giants eye new tradelanes
UK competition watchdog issues objections to GXO's $1bn Wincanton buy
Maersk Saltoro delay may mean multi-million dollar claims for cherry shippers
EC ready to talk with US on tariffs – but a deal 'must be mutually beneficial'
Comment on this article