News / Maersk 'back in control of costs' after poor first half and vows to 'improve results'

© David Tulchinsky

Maersk said today that in the second quarter it had “taken back control of its unit costs” after a poor Q1 and now it “had to improve results” in the second half.

Chief executive Soren Skou said the third quarter had “started strongly” and ships were running with good load factors.

“We know freight rates will be higher,” he added.

The Danish transport and logistics group recorded a net loss of $85m in Q2, excluding its discontinued energy business, taking the deficit to $305m for ...