Maersk Line swung to a $204 million operating profit in the first quarter from a $599 million loss a year ago, its fourth successive quarter in the black, driven by cost savings, higher freight rates and a lower fuel bill that more than compensated for flat container volumes.
A.P. Moller-Maersk Group
19 Apr 2013
The marine freight transportation industry’s revenue is expected to reach $411.6 billion by 2017, according to Luctinel’s “Top 5 Global Marine Freight Transportation Service Companies: Performance, Strategies and Competitive Analysis” report.
22 Feb 2013
Damco’s net operating profit fell to $55 million in 2012 from $63 million in 2011 as slimmer margins at the global freigh
09 Jan 2013
Maersk Line is ceasing to accept bookings to and from Gioia Tauro, Italy.
09 Jan 2013
Maersk Line, the global containerized division of the A.P. Moller-Maersk Group, will start to call Marsaxlokk, Malta, on eastbound trips of the ECUMED service, which sails between Ecuador and the Ukraine.
08 Jan 2013
Maersk Line will implement a general rate increase on its New Zealand to Australia trade lane, effective Feb. 1.
08 Jan 2013
Maersk Line has cancelled three vessel calls to Ningbo, China, from Europe because of anticipated reduced demand during the upcoming Chinese New Year period.
20 Nov 2012
APM Terminals plans to build a massive port and free trade zone in Nigeria to keep pace with rapid growth in container tr
12 Nov 2012
Freight forwarding and supply chain service provider Damco, part of A.P. Moller-Maersk, today reported profit in the third quarter of $212 million.
09 Nov 2012
Maersk Line swung to a third quarter net operating profit of $498 million from a year-earlier loss of $289 million on higher ocean freight rates, cost savings and a lower fuel bill.
19 Oct 2012
A.P Moller-Maersk has turned to the Swedish bond market in an effort to raise fresh capital.
08 Oct 2012
A.P. Moller Maersk will ask energy trading company Vitol regarding its use of the Maersk Producer.
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