News / Maersk sees 'best financial result in its history', but choppier waters are ahead

Maersk recorded its “best financial result in its history” last year, showing a net profit of $29.3bn – but its outlook has been scaled back substantially for this year, predicting an ebit of $2bn to $5bn.

The company said its ocean contract rates were “trending towards spot rates” and it was anticipating “very low profitability” for its liner sector as the market transitioned.

Moreover, that guidance is subject to a recovery in demand in the second half of the year.

“We are not ...