Maersk predicts even better remainder of 2021

The ocean shipping line Maersk is on track to earn over $22 billion in profit (EBITDA, in financial terms; earnings before Interest, Taxes, Depreciation and Amortization, if you are not familiar.) this year. Free cash flow will be over $14 billion. That is a lot of money.

Capital expense, for new ships and the like, will be around $7 billion.

This graph, from their annual report, shows Maersk’s EBITDA over the last several years.

Here’s Maersk’s most recent annual report in full.

18 September 2021
Jack Donnelly
Shipping Lines

Maersk revises earnings forecasts, predicts even better remainder of 2021 – Port Technology International

Source: https://mymaritimeblog.wordpress.com/2021/09/20/maersk-predicts-even-better-remainder-of-2021/