ShippingWatch

Maersk and its competitors face spectacular surge in the third quarter

The earnings boom continues for container lines. Maersk's third-quarter profit is again expected to reflect an extremely lucrative market, and a new guidance upgrade is not unlikely. Germany's Hapag-Lloyd has just raised its expectations for the year.

Photo: Jason Redmond/Reuters/Ritzau Scanpix

Maersk's profit looks set to reach new heights when the world's largest container line on Tuesday this week publishes its results for the third quarter.

As is the case for major peers such as CMA CGM, Cosco, ONE and Hapag-Lloyd, the extreme situation on the container market is a golden business for Maersk.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs