Shipping profits during the pandemic
2023-06-29
"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.