Maersk Line notes big slide in profits and revenue

Demand grew by between zero and one percent, while growth in the global container fleet came to almost ten percent.

Photo: Maersk Line

Maersk Line's struggle with the rates on Asia-Europe in particular resulted in a revenue that declined to USD 6.01 billion in the third quarter this year, from USD 7.07 billion in the same period last year, corresponding to a 14.9 percent setback, according to the company's third quarter interim report, published Friday.

The result (EBIT) decreased to USD 303 million against USD 740 million in the third quarter 2014.

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