Maersk benefits from better sea network

M

Container carrier A. P. Møller-Maersk reaped the benefits of improvements to its maritime transport network in the second quarter. Containers arrived on schedule more often and ships used less fuel. As a result, the group managed to control costs, while more containers were transported at higher prices.

A. P. Møller-Maersk therefore succeeded in increasing the operating result (ebidta) by 17 percent to almost 1.4 billion euros. Sales, on the other hand, increased only slightly to $ 9.6 billion. Net profit from continuing operations amounted to 154 million euros, while a loss of 114 million euros was incurred here a year earlier.

The transport giant maintains the previously stated expectations for the whole year. The company does, however, warn of continuing uncertainty as a result of trade tensions, which can have a major impact on container carriers.


By: Peretz M.

Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Categories

About us

EconomicInform, EconomicInform.com is a product of EconomicInform LLC. We sincerely believe that economics is one of the most interesting and most underappreciated – in terms of getting some enjoyment out of reading the subject articles – sciences. More on that - at the link. Feel free to drop us a line.