COPENHAGEN: Global shipping giant Maersk reported its biggest ever full-year profit in 2022, amid soaring freight prices and easing bottlenecks following the Covid pandemic.
Maersk posted a net profit of $29.2 billion, the highest earnings ever reported by a Danish company.
Gross operating profit, EBITDA, more than doubled to $36.8 billion, owing to lower costs and optimisations in the logistics chain.
Demand for shipping plunged at the start of the pandemic, but bounced back strongly from mid-2020 until mid-2022, leading to bottlenecks on trade routes and causing massive disruption in supply chains.
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