The Danish shipping company, AP Moller- Maersk, managed to make a tidy profit of US$5billion in 2010, the group announced. This was a healthy recovery from 2009, when it recorded its first full year net loss of US$1.02bn, as its core container shipping business plunged US$2.1bn into the red from a US$583million profit in the previous year. Its container section also recovered rather dramatically from its disastrous financial performance in 2009. The container activities delivered a profit of US$2.6bn for 2010. It also performed nicely in comparison to a profit of only US$205-m in 2008, where, the group noted, conditions were comparable to 2010.
