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Maersk reports strong third quarter

[ November 1, 2024   //   ]

AP Moller-Maersk says it has achieved growth across its businesses and financial results significantly above those of the previous year in its third quarter figures, published on 31 October. Its performance was primarily driven by Ocean, but Logistics & Services and Terminals also contributed through improved earnings with the third quarter bolstered by robust container demand and the continuation of the Red Sea situation. Higher freight rates and volume growth culminated in a 41% increase in revenue, although re-routing via the Cape of Good Hope increased costs.

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