ShippingWatch

Maersk hit with deficit in final months of 2015

The second half of 2015 saw a very negative trend unfold across the Maersk Group's business areas as they delivered a combined deficit of USD 9 million.

Photo: Maersk Oil

The majority of Maersk Group's business units were hard hit in the last half of 2015. In the fourth quarter, the group had a total deficit of USD 9 million compared to a profit in the same period of the previous year of USD 1 billion.

The deficit in the final three months of the year severely impacted by the massive impairment at Maersk Oil of USD 2.5 billion after taxes, and for the group as a whole, the interest rate on the invested capital was negative by 6.3 percent in the fourth quarter of the year.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Shipping in a safe position despite shaky world economy

Container carriers are facing a couple of difficult years, but otherwise the shipping industry looks set to do well despite dark clouds over the world economy, according to shipping analyst. ”Right now, most companies are making a lot of money.”

Further reading

Related articles

Latest news

See all jobs