<p>Global shipping giant <a href="https://www.deccanherald.com/tag/maersk" target="_blank">Maersk </a>reported its biggest-ever full-year profit in 2022, amid soaring freight prices and easing bottlenecks following the <a href="https://www.deccanherald.com/tag/covid-19" target="_blank">Covid </a>pandemic.</p>.<p>Maersk posted a net profit of $29.2 billion, the highest earnings ever reported by a Danish company.</p>.<p>Sales rose by 32 per cent to $81.5 billion.</p>.<p>Gross operating profit, EBITDA, more than doubled to $36.8 billion, owing to lower costs and optimisations in the logistics chain.</p>.<p>Demand for shipping plunged at the start of the pandemic, but bounced back strongly from mid-2020 until mid-2022, leading to bottlenecks on trade routes and causing massive disruption in supply chains.</p>.<p>The company's "Ocean" unit posted its best-ever profit last year, up 33 per cent from the previous year.</p>.<p>Maersk said its earnings remained stable in the second half despite congestion easing and lower demand.</p>.<p>For 2023, the group forecast an EBITDA of between $8 and 11 billion.</p>.<p>Since the 2017 sale of its oil division to TotalEnergies, Maersk has undergone a vast restructuring aimed at focusing on transport and logistics.</p>.<p>Its drilling subsidiary, listed on the Copenhagen stock exchange since April 2019, merged with its US rival Noble Corporation in 2021.</p>
<p>Global shipping giant <a href="https://www.deccanherald.com/tag/maersk" target="_blank">Maersk </a>reported its biggest-ever full-year profit in 2022, amid soaring freight prices and easing bottlenecks following the <a href="https://www.deccanherald.com/tag/covid-19" target="_blank">Covid </a>pandemic.</p>.<p>Maersk posted a net profit of $29.2 billion, the highest earnings ever reported by a Danish company.</p>.<p>Sales rose by 32 per cent to $81.5 billion.</p>.<p>Gross operating profit, EBITDA, more than doubled to $36.8 billion, owing to lower costs and optimisations in the logistics chain.</p>.<p>Demand for shipping plunged at the start of the pandemic, but bounced back strongly from mid-2020 until mid-2022, leading to bottlenecks on trade routes and causing massive disruption in supply chains.</p>.<p>The company's "Ocean" unit posted its best-ever profit last year, up 33 per cent from the previous year.</p>.<p>Maersk said its earnings remained stable in the second half despite congestion easing and lower demand.</p>.<p>For 2023, the group forecast an EBITDA of between $8 and 11 billion.</p>.<p>Since the 2017 sale of its oil division to TotalEnergies, Maersk has undergone a vast restructuring aimed at focusing on transport and logistics.</p>.<p>Its drilling subsidiary, listed on the Copenhagen stock exchange since April 2019, merged with its US rival Noble Corporation in 2021.</p>