Maersk full-year profits to top $4.5 billion

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Danish energy and transport corporation Maersk Group is expecting to see profits of US$4.5 billion for this year, and posted a net profit of US$1.5 billion in Q3 of 2014.

This figure was complimented by Maersk Line’s $685 million in revenue.

Maersk Line shifted 4.8 million TEU in Q3 of 2014, which is 3.7% higher than Q3 of 2013, according to The Loadstar.

Maersk CEO Nils Andersen stated that a 12.7% return on investment was achieved in Q3 of 2014, thereby putting the organisation in a good position to grasp future opportunities.

Mr Andersen said that, as of January 2015, the 2M vessel-sharing agreement between MSC and Maersk would come into effect.

More optimisation and fuel savings would occur as a result of this agreement, as well as a stronger network for 2M's customers, due to the larger vessels that will be utilised by MSC and Maersk.

(Source: maersk procurement)

In stark contrast, the salvage and towage division of Maersk, Svitzer, did not see results as fruitful, having only witnessed profits of $23 million in Q3 of 2014.

This is a reduction from the $34 million obtained in Q3 in 2013.

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