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Maersk Ocean strained by dire container market

The revenue of Maersk's core business, Maersk Ocean, showed solid growth, but the result went the wrong way. The cocktail of higher bunker prices and low rates hurt the business.

Photo: Carsten Snejbjerg/Polfoto/Arkiv

Maersk Group's new core business unit Maersk Ocean is off to a strong start in terms of revenue, which shows a solid increase – but as for the result, the container business falls in line with the unsatisfactory results seen from competitors, according to the Danish conglomerate's interim report, published Friday.

Maersk Ocean's revenue grew to USD 6.9 billion in the second quarter from USD 5.5 billion in the same quarter 2017, while the operating profit (EBIDTA) fell to USD 674 million against USD 876 million last year.

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