Danish shipping giant Maersk has announced having made a profit for the year of US$5 billion, which it said was in line with expectations.
“The Group delivers a strong 2010 result, and we are very satisfied. Our people have done a truly great job. We have become more competitive and our improved service across the Group has led to continued increases in customer satisfaction. We have increased our financial strength and are ready to make significant investments in our businesses,” said Group CEO Nils S Andersen.
Danish shipping giant Maersk has announced having made a profit for the year of US$5 billion, which it said was in line with expectations.
“The Group delivers a strong 2010 result, and we are very satisfied. Our people have done a truly great job. We have become more competitive and our improved service across the Group has led to continued increases in customer satisfaction. We have increased our financial strength and are ready to make significant investments in our businesses,” said Group CEO Nils S Andersen.
Maersk said the group results were a positive reflection on the recovery of world trade but also showed a continued improvement in competitiveness through cost savings and alignment of activities. Average freight rates for the group’s container activities had increased by 29% in 2010 following a decline of 28% in 2009. Volumes increased by 5% from 2009 and both freight rates and volumes were close to those set in 2008.
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