Maersk's feeder carrier booming in Northern Europe

Even though the intra-European market is characterized by fierce competition, Maersk's Seago Line more than surpassed its own expectations in 2013.

The numbers speak for themselves at A.P. Moeller-Maersk's short sea and feeder carrier Seago Line, which in 2013 more than doubled its result, according to the company's annual report, published Wednesday.

The intra-European carrier presents a 2013 bottom line result of USD 123.8 million. In 2012 that figure came to USD 45.3 million, and back in 2011 the figure was red, with a deficit of almost USD 10 million.

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