Maersk, the world's largest container shipping company, predicts that global supply chain chaos will continue into next year. That could benefit the company, which just reported its best quarter in 117 years.
The surging cost of shipping propelled Maersk's profit before taxes and interest to $5.9 billion and sales to $16.6 billion in the third quarter, the Danish company announced Tuesday. That's the best performance for both sales and earnings since Maersk was founded in 1904.
The"ongoing exceptional market situation" is expected to continue until at least the first quarter of 2022, it added.Tugboats work together to rotate the Axel Maersk container ship as it arrives in Miami. Moody's Analytics warned last month that supply chain disruptions"will get worse before they get better.
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