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2013 August 16   16:17

Maersk reports results for Q2 2013

A profit of A.P. Moller - Maersk Group for the second quarter 2013 totaled USD 856 million compared to USD 965 million in the same period a year before, and a return on invested capital  (ROIC) of 7.4% (8.9%), the Group said Friday in a press release.

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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