News / Maersk enjoys the strongest quarter in its history, but Damco disappoints again

© Khunaspix Dreamstime.

Maersk Line notched up its strongest quarter in history to produce a $631m profit in the final three months of 2014 to propel its earnings for the full-year to a massive $2.2bn.

This compares with the $1.5bn achieved in the previous year, and represents around half of the Maersk group’s $4.5bn underlying profit.

Speaking after the shipping and oil conglomerate’s results presentation this morning, chief executive Nils Andersen said the full impact of the dramatic fall in oil prices had yet to ...