Denmark-based shipping giant A.P. Moeller-Maersk reports record profits in 2022

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Written By Jennifer Joslyn

🚢 Denmark-based shipping giant A.P. Moeller-Maersk reports record profits in 2022.

With full-year revenue skyrocketing to $81.5 billion - a 32% increase from 2021’s $61.8 billion mark - the company is celebrating… cautiously. Maersk CEO Vincent Clerc has stated that the company is recognizing that 2022 was remarkable, but that those profits are unlikely to continue as container volumes and freight rates continue to plummet. Before taxes, profits for the company landed at $30.2 billion in 2022. Not bad, eh?

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CEO Vincent Clerc has cited “muted” economic growth as a reason for the decline, especially after exceptionally high freight rates have been normalized over the past two years.

Denmark-based shipping giant A.P. Moeller-Maersk reports record profits in 2022
Denmark-based shipping giant A.P. Moeller-Maersk reports record profits in 2022

With full-year revenue skyrocketing to $81.5 billion - a 32% increase from 2021’s $61.8 billion mark - the company is celebrating… cautiously

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Denmark-based Maersk is reporting nearly $9 billion in profits

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Jennifer Joslyn
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