Maersk's bottom line saved by fuel savings

Maersk may have saved USD 750m on lowered bunker oil prices in the second quarter compared to the previous year. Without the savings, net profit for the quarter would be near zero, says analyst.
Photo: Marcus Brandt/AP/Ritzau Scanpix
Photo: Marcus Brandt/AP/Ritzau Scanpix

New calculations by bank Sydbank estimates that sharply declining freight volumes and freight prices have seemingly pushed Maersk’s earnings down big-time towards zero in the second quarter of this year.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading

Foto: Pr-foto Ineos Energy

Malaysia's MISC lands improved result

For subscribers