Maersk Expects Supply Chain Chaos to Buoy 2022 Profits

Maersk Expects Supply Chain Chaos to Buoy 2022 Profits
The Maersk Idaho container ship is shown at the Port of Houston Authority in Houston on July 29, 2021. Brandon Bell/Getty Images
Reuters
Updated:

COPENHAGEN—Shipping group Maersk expects 2022 earnings to be around as high as last year, it said on Wednesday, as the supply chain disruption that sent freight rates soaring extends into the first half.

It expects underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) at around $24 billion this year, similar to last year, but slightly below the $24.4 billion expected by analysts in a poll gathered by the company.