Among the group’s holdings are APM Terminals and container shipping lines Maersk and Safmarine. Container shipping alone generated revenues of US$12.5bn and profits of US$1.2bn during the first six months of 2010, compared to last year’s US$9.4bn and a loss of US$995m.
The group expects similarly positive results from container shipping and related activities during the final half of the year despite “significant uncertainty for especially the fourth quarter” with respect to “container freight rates, transported volumes, the US$ exchange rate and oil prices.”
“The first half of 2010 has been very satisfactory for the Group, and we expect a full year profit in excess of US$4b,” said Group CEO Nils Andersen. “The container market has improved beyond our expectations, and our own efforts to improve competitiveness are paying off. However, we still view the development in the global economy as uncertain, and this may affect us from the last quarter of 2010.”
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