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Maersk Line increases expectations for 2013

Maersk Line achieved a profit of USD 439 million in the 2nd quarter 2013. The shipping company increases expectations for 2013, to "significantly above 2012".

Photo: Maersk Line

Maersk Line delivered a profit of USD 439 million (USD 227), and an ROIC of 8.5 percent (4.6 percent). The significantly improved result was achieved through lower costs, writes Maersk in the Group's interim report.

Volumes increased by 2.1 percent and the average freight rates declined by 13.1 percent, while the total costs per FFE were reduced by 12.7 percent. The cost reduction was mainly due to an increased efficiency of the route network together with lower bunker prices. Maersk Line's total fleet capacity was reduced by 0.9 percent.

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