Maersk Line made a loss in the first six months 2012

Maersk Line to expect a modest positive result and an increase of global demand for seaborne containers in 2012
 
Maersk Line expects a modest positive result in 2012 based on higher average rates in the second half of the year. Global demand for seaborne containers is expected to increase by 4 % in 2012, but with declining inbound European volumes. "Container rates have been improved, Maersk Line is back in black figures and our other core growth businesses are executing well on strategy, says Group CEO Nils S. Andersen. 
 
In the first six months of 2012 Maersk Line made a loss of USD 0.4bn (profit of USD 0.3bn). The volume increased by 15% to 4.4m FFE (forty foot equivalent unit) and average freight rates, including bunker surcharges, were 2% lower. Maersk Line implemented rate increases on most trades and a restructuring of the Maersk Line headquarter was initiated. Cash flow from operating activities was negative USD 0.1bn (positive USD 0.9bn) and cash flow used for capital expenditure was USD 2.3bn (USD 1.1bn).
 
APM Terminals made a profit of USD 395m (USD 303m) including divestment gains of USD 116m (USD 7m) before tax. Container throughput increased by 9% compared to the same period 2011, and 5% on a like-for-like basis, primarily driven by high growth rates in West Africa. APM Terminals took control of a terminal in Gothenburg, Sweden and took further initiatives to expand the portfolio with terminals and projects in China and Mexico.

Quelle: LogEastics

Portal: www.logistik-express.com