Maersk, the world's largest container shipping company, predicts that global supply chain chaos will continue into next year. That could benefit the company, which just reported its best quarter in 117 years.
The surging cost of shipping propelled Maersk's profit before taxes and interest to $5.9 billion and sales to $16.6 billion in the third quarter, the Danish company announced Tuesday. That's the best performance for both sales and earnings since Maersk was founded in 1904.
The"ongoing exceptional market situation" is expected to continue until at least the first quarter of 2022, it added.Tugboats work together to rotate the Axel Maersk container ship as it arrives in Miami. Moody's Analytics warned last month that supply chain disruptions"will get worse before they get better.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Maersk triples quarterly profit despite lower container volumesShipping group A.P. Moller-Maersk said on Tuesday record-high freight rates boosted quarterly earnings despite lower container volumes due to congestion at ports.
Weiterlesen »
Supply-Chain Pain Is Maersk’s Gain as $5.44 Billion Profit Dwarfs Amazon, UPSShipping company Maersk reported $5.44 billion in quarterly profit, reaping the benefits of global supply-chain strains that have pushed up ocean freight rates near record levels
Weiterlesen »
Relentless shortages, high prices hamper U.S. manufacturingU.S. manufacturing activity slowed in October, with all industries reporting record-long lead times for raw materials, indicating that stretched supply chains continued to constrain economic activity early in the fourth quarter.
Weiterlesen »
Maersk triples quarterly profit despite lower container volumesShipping group A.P. Moller-Maersk said on Tuesday record-high freight rates boosted quarterly earnings despite lower container volumes due to congestion at ports.
Weiterlesen »
Even after a weak patch, America’s economy is still in high gearSupply chains, though still far from normal, may be improving a bit
Weiterlesen »
Americans grow pessimistic on the economy as high inflation lingersNearly two-thirds of Americans describe the economy as poor in a new poll that comes amid high inflation and supply chain turmoil.
Weiterlesen »