News / Maersk Line sails into the red in Q4's 'perfect storm', but Damco is back in the black

© Vladimir Serebryanskiy

Maersk Line sailed into the red in the final quarter of last year, posting a net loss of $165m for the three months, compared with a profit of $631m in the same period of 2014.

However, a good performance in the first half of the year helped the carrier record a profit of $1.3bn in 2015 – against $2.2bn earned the year before.

“We call it the perfect storm for the group,” said chief executive Nils Anderson in a teleconference this morning, describing the twin impact of plunging ...