Maersk ‘on the attack’

In the first nine months of the
year, the Danish AP Moller
Group had a 17% turnover
rise over the same period last
year – earning US$41.4-billion
(equivalent of R285.25-bn).
This, said the interim report,
was primarily as a result of
higher freight rates for the
group’s container shipping
activities and higher oil prices.
It resulted in a net profit
of US$ 4.2-bn (R28.94-
bn) compared to its loss of
US$0.7-b (R4.82-bn) in the first
three-quarters of 2009.
“The result is exceptional,”
said group CEO Nils S.
Andersen.
Especially the group’s
container business which,
he added, was ahead of
competition on profitability.
“We have moved from
defence to the attacking zone,”
Andersen said, “and we are
ready to take more territory
– especially in emerging
markets.”