News / Maersk and APMT enjoy another healthy quarter, but no plain sailing for Damco

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Despite the continuing weakness of the container sea freight market, Maersk Line remains on course to deliver a substantially higher profit in 2013 than last year, thanks to major cost savings – principally, lower bunker expenses.

The AP Møller-Maersk group reported third-quarter profits of just under $1.2bn, while Maersk Line recorded a profit of $554m, compared with a profit of $448m in the same period last year. Over the nine months of the year so far, the container shipping business has ...