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‘Snouts in the trough’ attack, as Maersk results are turbo-charged by 80% rate hike

‘Snouts in the trough’ attack, as Maersk results are turbo-charged by 80% rate hike

As a harbinger of spectacular results from the liner industry for the final quarter of 2021, on the back of an 80% average rate increase and a new record for quarterly earnings, Maersk has again upgraded its full-year guidance.
Based on preliminary results, the Danish shipping company said today it expected to report up to a further $1.8bn in Q4 earnings, for a revised full-year ebit of $19.8bn.
Maersk said it would …

The post ‘Snouts in the trough’ attack, as Maersk results are turbo-charged by 80% rate hike appeared first on The Loadstar.


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14 January 2022, 15:46