News / Maersk Line leaves rivals in its wake with Q1 profits, but the P3 launch is delayed

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Notwithstanding a delayed start to the P3 network– now not expected to be operational until autumn – Maersk Line has extended its lead over its struggling industry peer group with an EBIT margin of 9.1%: a stunning $454m net profit for the first three months of the year.

Presenting AP Møller-Maersk’s Q1 interim report this morning, group CEO Nils Andersen highlighted the “very strong progress” made by the ocean carrier, driven by a 9% quarter-on-quarter decrease in unit costs, which more ...