Mærsk

A.P. Moller - Maersk delivers record earnings for 2022, was an exceptionally strong year for Maersk. The unprecedented financial results were driven by ...

Maersk is aiming to reach net zero emissions by 2040 across the entire business with new technologies, new vessels, and green fuels. The Board of Directors proposes a dividend to the shareholders of DKK 4,300 per share of DKK 1,000 (DKK 2,500 per share of DKK 1,000 previous year). 2023 global GDP growth is expected to be muted and global ocean container market growth to be in a range of -2.5% to +0.5%. Without impacting the financial guidance and in conjunction with the restructuring of our brands an impairment and restructuring charge of USD 450m is expected in Q1. Moller-Maersk expects an underlying EBITDA of USD 8.0-11.0bn, an underlying EBIT of USD 2.0-5.0bn, and free cash flow (FCF) of at least USD 2.0bn. Guidance for 2023 is based on the expectation that inventory correction will be complete by the end of the first half leading to a more balanced demand environment. In Terminals, EBIT adjusted for the Russia exit reached a record of USD 1.2bn, supported by solid volumes growth and high congestion related storage income. In 2022, Ocean delivered the strongest result on record due to the high freight rates and strong demand, particularly in the first half of the year. While we report the best financial result in the history of the company, we have also taken the partnerships with our customers to a new level by supporting their supply chains end to end during highly disruptive times. As congestions eased and declining consumer demand led to a significant de-stocking in all segments, the expected normalization of the Ocean market kicked in during the final stretch of year. 70% of the top 200 customers have set carbon goals and supporting them in reaching these goals is core to Maersk’s ESG strategy - In 2022, A.P.

A.P. Moller-Maersk A/S, a bellwether for global trade, said container shipping volumes may contract as much as 2.5% this year as the world's economic growth ...

Danish shipping group expects profits to drop from last year's record $31bn to $2bn-$5bn in 2023.

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Global shipping giant Maersk reported its biggest ever full-year profit in 2022, amid soaring freight prices and easing bottlenecks following the Covid ...

Maersk said its earnings remained stable in the second half despite congestion easing and lower demand. Maersk posted a net profit of $29.2 billion, the highest earnings ever reported by a Danish company. Global shipping giant Maersk reported its biggest ever full-year profit in 2022, amid soaring freight prices and easing bottlenecks following the Covid pandemic.

COPENHAGEN (Reuters) -Shipping group A.P. Moller-Maersk on Wednesday reported fourth-quarter earnings slightly below expectations and forecast a 2023 core ...

Underlying EBITDA stood at $6.52 billion in the quarter compared with $7.99 billion a year earlier and the $6.95 billion forecast by analysts in the company poll. Maersk, one of the world's biggest container shippers with a market share of around 17%, said freight rates fell by nearly a quarter in the fourth quarter versus the previous three months. The forecast was below the $11.9 billion expected by analysts in a company poll.

Global shipping giant Maersk reported its biggest ever full-year profit in 2022, amid soaring freight prices and easing bottlenecks following the Covid ...

Maersk said its earnings remained stable in the second half despite congestion easing and lower demand. Maersk posted a net profit of $29.2 billion, the highest earnings ever reported by a Danish company. Global shipping giant Maersk reported its biggest ever full-year profit in 2022, amid soaring freight prices and easing bottlenecks following the Covid pandemic.

COPENHAGEN (Reuters) -Shipping group A.P. Moller-Maersk on Wednesday reported fourth-quarter earnings slightly below expectations and forecast a 2023 ...

Revenues fell slightly to $17.8 billion in the period as the number of containers it loaded on to ships fell by 14%. Underlying EBITDA stood at $6.52 billion in the fourth quarter compared with $7.99 billion a year ago and a 6.95 billion forecast by analysts in a poll gathered by the company. “Guidance for 2023 is based on the expectation that inventory correction will be complete by the end of the first half leading to a more balanced demand environment,” it said.

Had I told you three years ago that Danish shipping giant A.P. Moller-Maersk A/S would report $31 billion in 2022 operating profit and promise to return ...

A nascent capacity overhang could worsen towards the end of this year when Maersk’s rivals start taking delivery of new vessels. From a customer perspective, this normalization is surely a good thing. But in 2023 Maersk predicts container demand could contract as much as 2.5%, in part because retailers ordered too many goods during the pandemic and now have surplus inventory. While Maersk is well-positioned to navigate the storm, its days as one of Europe’s most profitable companies are numbered. What sounds like catastrophe is really a return to normal. But the shipping industry’s Covid-era bonanza is over and the hangover looks grim.

The Danish shipping giant revealed its Q4 and full-year 2022 results today, nailing a record annual revenue of $81.5bn and net profit of $30.9bn. “While the ...

That is how Maersk, widely seen as bellwether for the container shipping industry, sees its net profit going from last year to this. “As we enter a year with challenging macro-outlook and new types of uncertainties for our customers, we are determined to speed up our business transformation and increase our operational excellence to seize the unique opportunities in front of us,” said Vincent Clerc, the new CEO of A.P. “While the slow-down of the global economy will lead to a softer market in particular in Ocean, Maersk will continue to pursue the growth opportunities within the Logistics and Terminals businesses,” the company stated, giving a full year EBIT guidance for 2023 in the region of $2bn to $5bn.

Stock underperforming around midday, down 2.2%, after a decent start. Whatever: Take this management feedback instead from our Premium man on the ground in ...

Whatever: Take this management feedback instead from our Premium man on the ground in Singapore, Gavin van Marle.) (Editor’s note: we are fully aware that today’s the day Mærsk released its annuals, but the numbers were broadly in-line with expectations, they will be covered by our shipping guru at The Loadstar, while the outlook is mixed, as expected. CMA CGM launches €200m fund to boost French maritime decarbonisation

Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S.

Company posted fourth-quarter ebitda of $6.5bn although it is considerably lower than what was achieved in the year-ago period and previous quarter.

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COPENHAGEN, Denmark (AP) — The world's biggest shipper, Denmark's A.P. Moeller-Maersk, said Wednesday that 2022 was its most profitable year in “the history ...

Last year “was remarkable in more than one way,” Maersk CEO Vincent Clerc said. Profits before taxes for 2022 came in at $30.2 billion, up from $18.7 billion in 2021. Full-year revenue increased by 32%, to $81.5 billion from $61.8 billion in 2021.

By Scott Kanowsky. Investing.com -- AP Moeller-Maersk A/S (CSE:MAERSKb) has delivered lower-than-expected annual income guidance, citing an easing in a ...

AP Moller – Maersk reports its best ever profit of $30.9bn for 2022, but expects to make less than a 5th of that this year as container shipping softens.

Looking at its container shipping business in 2022 Maersk said it, “continued to deliver on the strategic transformation, maintaining a stable level of long-term contracts”. Despite notching up impressive 47% revenue growth for its logistics and services business to $14.4bn in 2022, the sector still only accounts for 17.7% of Maersk’s total revenues last year. The drop in Q4 profits resulted from its container shipping business with an EBIT of $4.8bn in Q4 2022 compared to $6.3bn in Q4 2021. Looking ahead to 2023 and Maersk’s full year guidance at the top of its range is lower than its profitability in Q4 2022 alone. Maersk added that it expected its growth to be in line with the market. Maersk noted that “expected normalisation” kicked in for its ocean (container shipping) business towards the end of the year.

Maersk reported what it called a “remarkable” year in 2022 with the best financial results in the history of the company while joining others in the s...

The ocean segment saw revenues increase for the year by more than a third to more than $64 billion providing more than $29 billion in profitability (EBIT) to the corporation. Moeller-Maersk, the company is forecasting profits will tumble from the nearly $31 billion in 2022 to between $2 to $2.5 billion in 2023. The company experienced a more than one billion decline in overall profitability in the fourth quarter, to $5.1 billion (EBIT), led by the strong declines in the shipping segment. With an expectation that the slow-down in the global economy will lead to a softer market in particular for its shipping operations, Maersk said it will continue to pursue growth opportunities within its logistics and terminal businesses. He repeated the earlier reports citing the abnormal market conditions in the first half of 2022 as providing the strength to carry the company forward as the markets declined later in 202. They forecast a “more balanced demand environment,” as the industry moves forward in 2023 and beyond.

Maersk (CSE:MAERSKb) Copenhagen shares slumped more than 2% after the company delivered lower-than-anticipated annual income guidance due to a slowdown in ...

Maersk remains steadfast on its in supply chain integration strategy as container shipping storm arrives. A.P. Moller – Maersk (Maersk) is reporting an ...

“70% of the top 200 customers have set carbon goals and supporting them in reaching these goals is core to Maersk’s ESG strategy,” Maersk said. Well, it appears the storm has arrived and will continue to intensify through at least the first half of the year. EBITDA fell to $6.5 billion from almost $8 billion a year earlier. In Terminals, EBIT reached a record of USD 1.2 billion adjusted for the Russia exit. Ocean revenue came in 33% above 2021’s level thanks to a “stable level” of long-term contracts. Additional highlights in this area included the acquisitions of Pilot and Senator. Maersk has set an ambition of achieving “2022 was remarkable in more than one way,” said CEO Vincent Clerc, who took the helm at the beginning of the year. Across all segments, Maersk’s revenue hit $81.5 billion in 2022, up from $61.7 billion in 2021. EBIT hit $30.8 billion, up from $19.6 in 2021. In Maersk’s Logistics & Services segment, revenue increased by 47% with an organic growth accounting for 21%. Four seafarers have seized a cargo ship in Senegal amid a dispute with the shipowner over unpaid wages.

COPENHAGEN, Denmark -- The world's biggest shipper, Denmark's A.P. Moeller-Maersk, said Wednesday that 2022 was its most profitable year in “the history of ...

In the fourth quarter, they landed at $5.3 billion, down from $6.3 billion in the fourth quarter a year earlier. This year, economic and trade growth “are expected to be weak. Last year “was remarkable in more than one way,” Maersk CEO Vincent Clerc said. Full-year revenue increased by 32%, to $81.5 billion from $61.8 billion in 2021. COPENHAGEN, Denmark -- The world’s biggest shipper, Denmark’s A.P. Moeller-Maersk, said Wednesday that 2022 was its most profitable year in “the history of the company” but warned that a plunge in container volumes and freight rates would lead to a drop in earnings this year.

Denmark-based A.P. Moller Maersk says its revenue increased by 32 percent in 2022 compared to the prior year while its earnings before interest and taxes ...

Some of the orders pertain to making a shift to alternative fuels and cleaner burning engines (as increasingly mandated by global bodies), which would indicate the new builds are replacement capacity. [ArcelorMittal reports downward momentum in 4Q 2022](/news/arcelormittal-steel-2022-earnings-recycling-hbi-usa-europe/) [SERI issues reminder on downstream audit process](/news/seri-downstream-audit-differences-electronics-recycling/) [Midwest Fiber Recycling partners with Amp in MRF update](/news/midwest-fiber-recycling-installs-four-amp-robotics-sorters/) [Baltimore city officials call for raises for sanitation workers amid staffing shortage](/news/baltimore-city-officials-call-for-pay-raises-for-sanitation-workers-amid-staffing-shortage/) [Call2Recycle, Electronic Distributors International Inc. The [falling rates](https://www.recyclingtoday.com/news/recycling-container-shipping-rates-dropping-drewry-index/) later last year provided some relief to recyclers. The positive earnings picture the past three years follows the 2010s, of which Maersk says only twice did any carrier record a positive EBIT of more than $500 million throughout that decade. [ship scrapping](https://www.recyclingtoday.com/news/ship-recycling-steel-2021-bangladesh-india-pakistan/) seems to have played a role in curing that ailment for the shipping lines. [change for the better](https://www.recyclingtoday.com/news/ocean-container-shipping-service-profits-alliances-2021-recycling/) in 2020.