Maersk has brought more customers onto long contracts – but Søren Skou sees a limit

The massive earnings continue for Maersk, which has brought more customers over onto long contracts. There is a limit to the amount, though, said CEO Søren Skou.

CEO Søren Skou at Wednesday's press meeting after Maersk's Q1 record result. | Photo: Martin Sylvest/Ritzau Scanpix

Increasingly, customers choose long contracts at Maersk, adding to the Danish shipping group’s earnings from the extraordinary freight market.

Despite a decline in volumes and increased costs from inflation and bunker prices, earnings soar vigorously in Maersk’s crucial Ocean business, which benefits from the high freight rates.

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