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Maersk Line 'back in black' for 2012

Markets

Friday, November 09, 2012

The world’s largest container carrier Maersk Line said Friday it netted $547 million in operating profits in the third quarter, a more than $800 million change in fortunes from the same period in 2011. The quarter also saw the Danish line move into the black for the year, with operating profits through three quarters at $241 million, 66.2 percent higher year-on-year. Maersk’s liner revenue rose 5.7 percent in the third quarter to nearly $7 billion, while it’...

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