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Maersk doubles its profit in the third quarter

Maersk reports a billion-dollar profit for the third quarter, a doubling compared to the same period last year, even though the coronavirus pandemic is negatively impacting the global economy. The company upgraded its guidance on Tuesday.

Photo: Michael Kooren/Reuters/Ritzau Scanpix

Maersk finished the third quarter with a doubling of its bottom line at a time when the world's container majors are benefiting from towering freight rates.

For the third quarter, the company reports a profit of USD 1.12 billion before taxes, a clear improvement from a profit of USD 589 million in the third quarter last year. The result comes despite the fact that revenue went down a bit compared to last year, at USD 9.9 billion.

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