Maersk expects 2023 profits to plummet as volumes, freight rates fall

Shipping group A.P. Moller-Maersk MAERSKb.CO on Wednesday reported fourth-quarter earnings slightly below expectations and forecast a 2023 core profit significantly below last year’s as volumes and freight rates fall. The company said in a statement it expected underlying earnings before interest, taxation, depreciation and amortisation (EBITDA) between $8 billion and $11 billion this year, compared …

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