Maersk, the world’s largest container shipping company, has released its results for 2022, reporting strong growth and profitability in a year that saw the shipping industry recover from the pandemic-induced slowdown of the previous year.
Maersk’s revenue for the year increased by 8% to reach a total of $40 billion, while its operating profit reached a record high of $6.5 billion. This can be largely attributed to the company’s ability to quickly adjust to the changing market conditions brought on by the pandemic, as well as the increased demand for shipping as global trade started to recover.
One of the key highlights of Maersk’s performance in 2022 was the strong growth in its container shipping business, which saw a 10% increase in volume compared to the previous year. This growth was driven by the company’s ability to effectively manage its capacity, as well as its investments in new vessels and technology.
In addition to its container shipping business, Maersk also saw strong growth in its terminal and logistics operations, which helped to drive the company’s overall performance. The company’s terminal division saw a 12% increase in volume, while its logistics division reported a 9% increase in revenue compared to the previous year.
Maersk’s CEO, Søren Skou, said in a statement that the company’s strong performance in 2022 was a testament to the resilience and agility of its team, as well as its ability to adapt to the challenges brought on by the pandemic. He added that the company is well-positioned for future growth, with a strong focus on sustainability, digitalization, and customer experience.
Overall, Maersk’s results for 2022 are a positive sign for the shipping industry, which has been impacted by the pandemic in recent years. With the company’s strong performance and continued focus on innovation and sustainability, it is well-positioned to continue driving growth and profitability in the years to come.