AP Moller – Maersk reported a 65% increase in EBIT for the full year 2024 of $6.5 billion compared to $3.94 billion in 2023. The company reported annual revenues of $55.48 billion for 2024 up from $51.07 billion in the previous year.
The improved financial results, according to Maersk its third best ever, were driven by increased container demand and higher freight rates due to the security situation in the Red Sea which saw all major container lines rerouting Asia – Europe/Med and Asia – US East Coast services via the Cape of Good Hope adding 10 – 14 days to transit in each direction.
