February 8, MaerskRelease the 2023 full-year financial report. Affected by lower freight rates, revenue in 2023 will be US$51.1 billion, EBITof $3.93 billion, down from 2022's record earnings of $30.86 billion.

Maersk reported a fourth -quarter EBIT loss of $537 million, compared with $5.12 billion in the same period last year.

Given the challenges posed by severe overcapacity and increasing uncertainty, Maersk expects full-year 2024 actual EBITDA to be between US$1 billion and US$6 billion, with EBIT expected to be in the range of a loss of US$5 billion USD to breakeven . In 2024, it will allocate capital prudently and continue to focus on the comprehensive logistics strategy. The dividend plan for 2023 is DKK 515 per share. The company has suspended its stock repurchase plan and plans to spin off the tugboat business Svitzer.

Maersk expects global container throughput growth in 2024 to be in the range of 2.5% to 4.5%. In addition, Maersk also predicts that the ocean shipping industry will face severe overcapacity in 2024. There remains significant uncertainty about the duration and extent of the Red Sea disruption , which is expected to have an impact on results from the first quarter into the full year, which is already reflected in 2024 financial guidance.