"We deliver a good operational result for the quarter thanks to improved performance in most of our businesses. Maersk Line has made strong and consistent progress and is now an industry leader in terms of profitability," says Group CEO Nils S. Andersen, said in the company's press release.
The Group delivered a profit of USD 856 million (USD 965 million) and a return on invested capital (ROIC) of 7.4% (8.9%) for Q2-2013.
Maersk Liner Business made a profit of USD 439 million (USD 227 million) and a ROIC of 8.5% (4.6%). The significant improvement in the financial performance was achieved through lower costs. Volumes increased 2.1%, average freight rate decreased 13.1% and total cost per FFE decreased by 12.7%. The cost decrease was mainly driven by vessel network efficiencies and lower bunker price. Maersk Line's total fleet capacity decreased by 0.9%.
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