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Maersk Line's back in black in 2012

Transportation

Friday, February 22, 2013

Assisted by improved results from its container shipping subsidiary Maersk Line, the A.P. Moller-Maersk Group reported improved profit in the fourth quarter and for the whole year 2012 when compared to 2011. Reporting results in U.S. dollars, the Danish conglomerate said it had a profit of $965 million in the fourth quarter, compared to $273 million in the same 2011 period. Revenue was slightly lower at $14.7 billion in the fourth quarter 2012, compared to $15 b...

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