Red Sea woes have had the effect of blotting up container capacity and one of the largest containership operators of all, A.P. Moller – Maersk, reports strong financial results for 2024 with
Photo: Maersk
Red Sea woes have had the effect of blotting up container capacity and one of the largest containership operators of all, A.P. Moller – Maersk, reports strong financial results for 2024 with growth across all segments and significantly improved profitability with EBIT increasing 65% to $6.5 billion. Results were driven by higher container demand and elevated freight rates in Ocean, top line and volume growth in Terminals and solid improvements in most Logistics & Services products. Given the strong results and the strength of the balance sheet, the Board of Directors proposes a dividend of DKK 1,120/share and also separately announced the initiation of a share buy-back program of up to around $ 2 billion to be executed over a period of 12 months.
“Profitability in Ocean improved compared to the previous year supported by a significant increase in freight rates reflecting the situation in the Red Sea and strong volume demand,” says the company. “High utilization and
Content Original Link:
" target="_blank">
