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” ...
By Mike Wackett
Maersk Line remained in the red in the first quarter of the year, recording a net loss of $66m.
However its executives are confident that the carrier is on track to turn a full-year profit in excess of $600m.
Group chief executive Soren Skou attributed the first-quarter loss to an 80% hike in fuel costs over the same period of 2016, which had not been totally compensated by a 10% revenue improvement to $5.5bn.
The average cost of a tonne of bunker fuel purchased by Maersk ...
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