Maersk achieves strong Q3 result and looks forward for the rest of 2020

Offshore Energy Profit for the 3rd quarter was $947 million, showcasing an increase of 82% from $520 million which was seen in the corresponding quarter a year before. The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 39% to $2.3 billion with revenue decreasing 1.4% to $9.9 billion. As explained by Maersk, the performance increase was based on a few factors: 1) Stringent costs control 2) Agile capacity manage... Read More