COPENHAGEN, Denmark (AP) — Denmark's shipping and oil group A. P. Moller-Maersk says its fourth-quarter earnings reached 5.5 billion kroner ($975 million) thanks to improved rates and unit costs in its container unit, which is the world's largest.

The Copenhagen-based group, owner of the Maersk Line, says revenue for the three-month period ticked up nearly 3 percent on an annual basis to 84.8 billion kroner ($15 billion).

Maersk, which is seen as a bellwether for international trade, says full-year profits for 2012 rose 6 percent to 342 billion kroner ($60 billion), while revenue soared 23 percent to 23.4 billion kroner.

CEO Nils S. Andersen described the result as "satisfactory" in a Friday statement, though he said there was uncertainty for this year due to slow growth and overcapacity in the shipping industry.

About News.net

Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.

 

FAQs

Email

If you have any questions or concerns please email us on support@news.net

Phone

  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.

Cancel