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Maersk ups full year profit forecast to $37bnMaersk ups full year profit forecast to $37bn

Any topping out or softening of container freight rates is certainly not hitting shipping line financials with AP Moller – Maersk upping its full year profit forecast to $37bn.

Marcus Hand, Editor

August 2, 2022

1 Min Read
Maersk flag flying at its headquarters in Copenhagen
Photo: Marcus Hand

As has become customary Maersk has released updated guidance on its profit and revenues ahead of a full release of its Q2 2022 financial results.

The Danish shipping line said, “Congestion in global supply chains leading to higher freight rates has continued longer than initially anticipated.”

As a consequence, it has upped its full year EBITDA guidance by $7bn to $37bn, and EBIT to $31bn from $24bn forecast previously.

For the second quarter Maersk a strong result was driven by continuation of the exceptional market for its container line business. It expects to report a Q2 EBITDA of $10.3bn and an underlying EBIT of $8.9bn. Revenues are pegged at $21.7bn for the quarter.

The forecast EBITDA for Q2 2022 is close to double the $5.7bn that Maersk reported for 2019 as a whole, prior to global supply disruption brought upon by the pandemic. Shipping lines are coming under increasing scrunity from regulators and politicians over the vast profits generated over the last two years.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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