Maersk Line’s revenue for the first quarter increased by 10% to US$14.5-billion from US$13.2-bn in the same period of 2010.
This was primarily due to higher container freight rates, container volumes and oil prices.
The profit for the period increased by 82% to US$1.2-bn (fromUS$0.6-bn) and was driven by better operational performance in most business units. The Group’s ROIC increased to 11.7% (7.6%).
The container activities made a profit of US$438-million (US$169-m) and a ROIC of 10.2% (3.9%). The number of containers carried increased by 5% to 1.84-m FEUs, while the average freight rate of US$2 908 per FEU was 2% higher than the same period last year.
