AP Moller-Maersk, which operates the world’s second-largest fleet of cargo ships, reported third-quarter profits shot from $521 million a year ago to $3.05 billion this year on the strength of continued conflict in the Red Sea.
Tag: Maersk
SPECIAL REPORT: WAR IN THE RED SEA—THE ECONOMIC IMPACT
The Israel War keeps ramping up as the United States and the U.K. keep launching attacks on the Houthis in Yemen.
MAERSK PROFITS SINK ON GLOBAL SLOWDOWN
Ocean shipping giant AP Moller-Maersk reported first-quarter profits of $2.3 billion, two-thirds less than the same quarter in 2022. Revenue fell by 25 percent to $14.2 billion.