DANISH shipping giant AP Moller-Maersk posted a 634 per cent year-on-year first quarter operating profit increase to US$1.3 billion drawn on revenues of US$13.3 billion, up 7.8 per cent.
CEO Vincent Clerc attributed the strong performance to 'momentum in operational efficiency and a global economy in good shape for the first three months.'
However, he saw increasing challenges ahead, stating that 'with trade tensions flaring up and uncertainty on the rise, global supply chains are once again in the spotlight.'
The company's Ocean segment demonstrated strong performance with an EBIT of $743 million, benefiting from higher rates and stable volumes. The newly launched East-West network, implemented in February, is progressing as planned and is expected to enhance reliability and cost efficiency.
In the Logistics & Services division, the company achieved an improved EBIT margin of 4.1 per cent, with freight management services showing particularly strong growth of 18 per cent year on year, primarily driven by Project Logistics.
The Terminals segment also performed well, reporting increased return on invested capital (ROIC) of 14.5 per cent, supported by volume growth and higher revenue per move.
SeaNews Turkey
CEO Vincent Clerc attributed the strong performance to 'momentum in operational efficiency and a global economy in good shape for the first three months.'
However, he saw increasing challenges ahead, stating that 'with trade tensions flaring up and uncertainty on the rise, global supply chains are once again in the spotlight.'
The company's Ocean segment demonstrated strong performance with an EBIT of $743 million, benefiting from higher rates and stable volumes. The newly launched East-West network, implemented in February, is progressing as planned and is expected to enhance reliability and cost efficiency.
In the Logistics & Services division, the company achieved an improved EBIT margin of 4.1 per cent, with freight management services showing particularly strong growth of 18 per cent year on year, primarily driven by Project Logistics.
The Terminals segment also performed well, reporting increased return on invested capital (ROIC) of 14.5 per cent, supported by volume growth and higher revenue per move.
SeaNews Turkey
