The annual report from Maersk Line shows satisfactory performance, but points to a challenging environment for the industry in 2014, the company said in its press release.
Maersk Line made a 2013 profit of US$1.5 billion despite a difficult market with deteriorating rates through a focus on further reductions of unit costs. The 2013 full-year result of USD 1,510 million was an improvement of one billion over 2012. Return on invested capital (ROIC) was 7.4% for the entire year.
Global demand grew by around 5% year on year in Q4 2013, which was close to the strong development in Q3, but supply, especially due to growth in the very large vessel segments, continue to outgrow demand.
Maersk Line current market share is on par with that of 2012 – and will going forward only grow with the market.