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Logistics company Damco continues to lose money, while slimmed-down Maersk Tankers saw profits improve significantly.

The Maersk Group's new core business unit, APM Shipping Services, achieved a profit of USD 119 million in the 3rd quarter, compared to USD 114 million in the same period 2013.

Logistics company Damco is the only company in the business unit still losing money, with a USD 68 million deficit, while slimmed-down Maersk Tankers landed a USD 84 million profit, compared to USD 18 million in the same period last year.

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