08/02/2023at 14:36

Vincent Clerc sets sight on cost reductions following collapse in freight rates

Layoffs are not imminent, but cost-saving measures will have to be launched now that the pandemic heydays have ended, says Maersk chief executive Vincent Clerc.

by DAG HOLMSTAD, JENS THOMSEN

The tide has already turned at shipping group Maersk, which on Wednesday presented the largest profit in Danish business history.

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Overview: Understand Maersk's record-breaking annual result
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Maersk's rebranding of Hamburg Süd will be a costly affair
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Maersk books another historic profit
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