Shipping profits during the pandemic

"In 3 yrs from 2020 to 2022, the shipping industry generated as much profit as in previous six decades combined. Maersk’s annual pre-tax income soared from $967mn in 2019 to $30.2bn in 2022 — more than investment bank Goldman Sachs or Facebook-owner Meta."https://t.co/Ri0t1sdflo

— Adam Tooze (@adam_tooze) June 23, 2023

"In 3 yrs from 2020 to 2022, the shipping industry generated as much profit as in previous six decades combined." Just incredible the way that the pandemic created ripples through different industries.

2023-06-29