The Maersk Group delivered a profit of USD 4.0bn dollar, which was slightly higher than the latest announced outlook. Maersk Line made a profit of 461m dollar, compared to a loss of 553 million dollar in 2011.
“We are satisfied with our result for the year. After a difficult start, Maersk Line improved its performance and the Group achieved a result above last year’s, both in terms of net result and in underlying performance.
We continued our push towards building our four strategic core businesses with investments and improved results in terminals, a high level of oil exploration in Maersk Oil, securing long term contracts for five of our seven new drilling rigs and significantly improved earnings in Maersk Line.
The Group’s presence in growth markets was further expanded through the introduction of SAMMAX and WAFMAX vessels targeted at West Africa and South America trades as well as new terminal investments in Russia and Latin America,” says CEO Nils Smedegaard Andersen.
Rate increases and slow steaming boost profits at Maersk
For 2013 Maersk Line expects a result above the $461m profit for 2012 based primarily on further unit cost reductions. Global demand for seaborne containers is expected to increase by 4-5 per cent in 2013, lower on the Asia–Europe trades but supported by higher growth for imports to emerging economies.
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