A.P. Moller-Maersk is expected to have this year $500 million loses, executive director of Maersk Niels Andersen said, referring to the forecast of the company’s analysts.
"In 2009, the company's losses totaled $1.024 billion, this year we hope that the situation will slightly improve. Today, the situation in the shipping sector is very profitable for us, the rates since the beginning of the year, have grown considerably, and there is a very high demand, particularly for iron ore and coal" Transport Business quoted Niels Andersen as saying.
A.P. Moller-Maersk operates the world's largest container fleet, controlling about 85% of Danish oil production in the North Sea, along with its partners Shell and Chevron. In 2008 the company posted a profit of $ 3.462 billion.
"In 2009, the company's losses totaled $1.024 billion, this year we hope that the situation will slightly improve. Today, the situation in the shipping sector is very profitable for us, the rates since the beginning of the year, have grown considerably, and there is a very high demand, particularly for iron ore and coal" Transport Business quoted Niels Andersen as saying.
A.P. Moller-Maersk operates the world's largest container fleet, controlling about 85% of Danish oil production in the North Sea, along with its partners Shell and Chevron. In 2008 the company posted a profit of $ 3.462 billion.