the republic logo

Shipper Moller-Maersk posts 'satisfactory' Q2 result despite lower freight rates, oil price


COPENHAGEN, Denmark — Denmark's shipping and oil group A.P. Moller-Maersk says has reaffirmed its full-year outlook after delivering what it called "a satisfactory result" in the second quarter despite lower average container rates and a lower oil price.

Overall profit dropped to $1.09 billion in the three-month period that ended June 30, from $2.3 billion. Revenue fell to $10.5 billion, down from $12 billion in the same period last year.

The Copenhagen-based group said Thursday it expects an underlying result for 2015 of around $4.0 billion, and reiterated that its strategy was "to become a premium conglomerate."

Earlier this year, Maersk ordered nearly 30 container ships as part of its $15 billion investment program to meet growing demand for shipping and to replace less efficient vessels.

Results were posted in U.S. dollars.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.