Maersk to Start Up to $2 Billion Buybacks to Return Profits (1)

A. P. Moller-Maersk A/S said it will buy back shares for the first time in a year as the Danish transport giant returns some of the windfall profit it made during the 2024 freight rate boom.

Maersk will purchase its own stock for as much as 14.4 billion kroner ($2 billion), Maersk said in a statement on Wednesday. About half will be bought in a first phase that will run through to Aug. 6 and the full buybacks are set to be executed over a period of 12 months.

The buybacks come after a profitable year as disruptions to global ...