News / Maersk Line profits hit $1bn at H1, while Damco still struggles to get out of the red

19/08/2014

AP Møller-Maersk’s container business was once again the group’s star performer at the half-year, contributing $1bn of the overall $2.4bn underlying profit, further distancing itself from its competitors, many of which are still struggling to break even.

After recording $454m in the first three months, Maersk Line added further profit of $547m in the second quarter of the year, which represented the seventh consecutive quarter when the carrier had an EBIT margin of more than 5% above its industry rivals.

As a ...