Maersk reports strongest ever results

The A.P. Moller – Maersk Group has announced a 2010 profit of US$5 billion, citing increased container rates and volumes, reduced costs per unit and an increased oil price as the main factors affecting the result. “Our people have done a truly great job, and we can be very satisfied with the result,” said Group CEO Nils S. Andersen. “Even if markets improved strongly in 2010, container rates and volumes were only at par with 2008. This means that the significant profit improvements stem from our own efforts to become more competitive.”