News / 'Strategic transformation of ocean business' brings Maersk record Q3 profit

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Maersk achieved a new record net profit, of $5.5bn, for the third quarter – a figure also higher than its best-ever annual profit.

Revenue soared 68% year on year, to $16.6bn, driven by an 84% increase, to $13.1bn, in its liner business.

However, total liftings were flat, at 6.5m teu, with east-west volumes actually contracting, due to the impact of port congestion, which Maersk said was effectively idling around 10% of its fleet, particularly at the container hubs of North America and ...