News / Results show that it's better to be in logistics than in liner shipping

© Khunaspix Dreamstime.

Following Friday’s announcement from Maersk that group-wide profits for 2012 had grown 20% to reach $4bn, today saw the release of its freight forwarding subsidiary Damco’s results for the year, which further demonstrated just how far the performances on forwarding and transport operations appear to have diverged.

The 20% Group-wide net profit increase came with a health warning – much of it was due to one-off items such as the resolution of a tax dispute between its oil division and Algerian ...