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image credit: Piqsels

Shipping giant Maersk could rake in $50 billion over just two years

February 9, 2022

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Maersk, the world’s second largest liner operator, earned more money in 2021 than in any other year in its history: $24 billion. It now predicts 2022 will be just as strong, but take that with a grain of salt. Maersk has a proven track record of being way too low in its guidance.

During a conference call with analysts on Wednesday, Maersk executives revealed new details on the carrier’s burgeoning long-term contract business, guidance for 2022 and yet another logistics acquisition: U.S.-based Pilot Freight Services.

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