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Maersk Line surprises with Q1 profit

The container carrier finished the first quarter with a profit of USD 37 million. The Maersk Group as a whole delivered an underlying result of USD 214 million against USD 1.3 billion in the same period last year.

Photo: Maersk Line

Maersk Line delivered a profit of USD 37 million in the first quarter 2016, according to the group's interim report, published Wednesday. The result represents a significant setback compared to a USD 710 million profit in the same period last year,  but the outcome is still better than projected ahead of the interim report.

Group CEO Nils Smedegaard Andersen says the following about the overall result:

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