The Maersk annual report for 2012 recorded that the group delivered a profit of US$4.0 billion (US$3.4bn in 2011) from a slightly reduced revenue of US$59.0bn (US$60.2bn). Profit was positively affected by the settlement of an Algerian tax dispute in Q1 of US$899 million combined with improved volumes, rates and unit costs for Maersk Line – which made a profit of US$461 million (loss of US$553m). The result was positively affected by improved volumes, rates and unit costs. The average freight rates were 1.9% higher at 2 881 US$/FFE (2 828 US$/FFE) and volumes increased by 5% to 8.5m FFE (8.1m FFE). Bunker consumption per FFE was reduced by 11% and headquarters headcount was reduced significantly. Maersk Line announced and implemented significant general rate increases on most trades backed by active capacity adjustments in the form of slow steaming, scrappings, idling and blanked sailings. The total fleet capacity increased by 4% to 2.6m TEU (2.5m TEU).
Maersk moves back into the black
Comments | 0
