Maersk records growth in logistics and terminal activities in the first quarter

Maersk's logistics division raised the top line and operating profit in the first quarter with revenue growing USD 600 million. The development is driven by organic growth, but also synergies from acquisitions, says CEO Søren Skou. Meanwhile, Terminals & Towage also grew in the first quarter due to increasing volumes in the surging container marked.

Photo: Edgar Su/Reuters/Ritzau Scanpix

Maersk books a record result for the first quarter of 2021, with profits for the quarter being almost equal to the profit booked for the full year 2020, shows the quarterly report published Wednesday.

Maersk's logistics division, one of the group's major focus areas, grew more than expected in the first quarter of 2021.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

DB Schenker defends carriers in red-hot container market

One of the major global customers, German DB Schenker, defends the quality offered by container lines in the exceedingly feverish market, which other freight forwards have criticized in strong terms. Even the high rates are in order, says the COO of Air & Ocean in an interview with ShippingWatch.

Azane Fuel Solutions was created during the pandemic using Teams

Azane Fuel Solutions was established in the middle of the pandemic. Digital meetings and planning over the phone proved no obstacles for top execs at Amon Maritime and Econnect Energy during the start-up. Now they have to set up bunkering terminals for ammonia in two and a half years.

Further reading

Related articles

Trial banner

Latest news

See all jobs