APMM floats along on 'solid' Q1 profitability in Ocean, well prepared for choppy water
Despite President Trump’s claim this week that Yemen’s Houthi rebels had “surrendered to the US” ...
© Vladimir Serebryanskiy
By Mike Wackett
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 ...
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