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Maersk Line's fully loaded ships drive the profit

An improved fleet utilization and growing freight volumes contribute significantly to Maersk Line's 2nd quarter result, according to analysts.

Photo: Maersk Line

Maersk Line continues to set the standard in the global container industry through improved efficiency and cost reductions, just as the carrier's fleet utilization rate is increasing.

"The freight rates in the 2nd quarter were more or less unchanged, while the oil price was down by around two percent. Yet Maersk Line's unit costs were still reduced by 4.4 percent, while the fleet utilization rate grew, as the cargo volumes increased more than the capacity deployed by Maersk Line," says Lars Jensen, partner and CEO of analysts SeaIntel, in a comment on the Maersk interim report, published Tuesday.

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