Maersk books small profit in first quarter

A.P. Møller-Maersk books a pre-tax profit of USD 2 million in the first quarter. The year came off to a good start, but the trade war escalation may weaken the container market, says CEO Søren Skou.

Photo: Ritzau Scanpix/Michael Kooren

A.P. Møller-Maersk started the year with a small profit on the bottom line. But due to the recent trade war escalation between the US and China, the shipping group's outlook for the container market is now slightly more pessimistic.

Profit before tax lands at USD 2 million, shows the company's interim report published Friday morning. This is a significant improvement from the same period last year, when Maersk booked a USD 213 million deficit.

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