A. P. Moller-maersk grows revenue
A.P. Moller-maersk has made a fourth quarter profit of $386 million, attributing the rise in earnings primarily to its container shipping business. Underlying profit for the continuing operations was
$356 million, compared to a loss of $496 million in 2016. The profit consisted of
$1 billion related to the transport and logistics business. Highlights from 2017 include $14 billion worth of M&A transactions, including welcoming Hamburg Süd to the A.P. Mollermaersk family, agreement to sell Maersk Oil, sale of Maersk Tankers and Mercosul – the Brazilian container line – as well as the sale of the remaining 19 per cent stake in Dansk Supermarked Group.