Real test of Gemini hub and spoke model yet to come, says Maersk
Early signs may be positive for the Gemini Cooperation’s “hub and spoke” model, but head ...
© Rolandm
By Mike Wackett
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 ...
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