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Maersk turns things around in 2Q

Tuesday, August 14, 2012

The container carrier Maersk Line had $306 million in operating losses in the first half of 2012 but turned a $265 million operating profit in the second quarter after losing $571 million in the first quarter of 2012, parent company A.P. Moller-Maersk said Tuesday. The container line had first half profits of $402 million in 2011. But the second quarter profit represented a positive turnaround from the $49 million it lost in the same quarter in 2011. Maersk’s liner re...

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