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Denmark: Maersk Line to make loss despite rises
Maersk Line is expecting a loss again this year, despite increasing freight rates according to the chairman of parent group A.P. Moller-Maersk.
A.P. Moller-Maersk, the Danish shipping and oil group, said in its annual report in late February that it expected its Maersk Liner Business to have a "negative result in 2012 as a consequence of excess capacity."
The outlook was issued before the rate rises, however, chairman, Michael Pram Rasmussen, said that the view was withheld even now.
He also repeated that the A.P. Moller-Maersk group as a whole expected a positive full-year 2012 result, but below the result for 2011.
Source: www.reuters.com
Maersk Line is expecting a loss again this year, despite increasing freight rates according to the chairman of parent group A.P. Moller-Maersk.
A.P. Moller-Maersk, the Danish shipping and oil group, said in its annual report in late February that it expected its Maersk Liner Business to have a "negative result in 2012 as a consequence of excess capacity."
The outlook was issued before the rate rises, however, chairman, Michael Pram Rasmussen, said that the view was withheld even now.
He also repeated that the A.P. Moller-Maersk group as a whole expected a positive full-year 2012 result, but below the result for 2011.
Source: www.reuters.com
Publication date: 4/13/2012
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