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Maersk Line profits 2012: USD 461 million

Maersk Line achieves a profit of USD 461 million for 2012. The shipping company expects a bigger profit for 2013 than it did for last year, the company says in its annual report.

Photo: Maersk Line
BY LOUISE VOGDRUP-SCHMIDT

Maersk Line made a profit of USD 461 million (loss of USD 553 million in 2011) and a ROIC of 2.4 percent (negative 3.1 percent). The result was positively affected by improved volumes, rates and unit costs. The average freight rates were 1.9 percent higher, at 2,881 USD/FFE (2,828 USD/FFE) and volumes increased by 5 percent to 8.5 million FFE (8.1m FFE).

Bunker consumption per FFE was reduced by 11 percent and headquarters headcount was reduced significantly.

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