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A.P. Moller Maersk reported a record-setting $1.6 billion in profits for the first quarter, thanks in part to Maersk Line profits of $714 million.
Revenues from ocean carrier APL decreased as the company eliminated unprofitable capacity, according to NOL's most recent financial statements.
Ocean carriers AAL and Peter Döhle, both specialists in multipurpose heavy-lift cargo, have entered into a global cooperation agreement.
Changes to Maritime Security Program could harm other U.S.-flag carriers.