News / Maersk Line sees profits double in Q2 as Damco moves to a new home

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Maersk reported its second-quarter results this morning, with its container shipping and terminals divisions both showing increased profitability. Meanwhile the group’s logistics division, Damco, is to be hived off into a new business unit – the Hague-based freight forwarder was one of the few AP Moller divisions to deliver a worse return  year-on-year.

Overall, the AP Moller Maersk group reported a net profit for the period of $856m, compared with $965m last year, which was mainly due to an impairment in ...