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Maersk back in the black as container shipping improves

Maersk back in the black as container shipping improves article image

Danish shipping and oil group A.P. Moller-Maersk has made a fourth quarter profit of $386 million, up from a loss of $2.7 billion a year earlier.

Maersk reported revenue of $8.2 billion – up from $7 billion the previous year. 

The company said the rise in earnings was driven primarily by its container shipping business, Maersk Line.

CEO Soren Skou said 2017 as a whole had been "unusual" because of a cyber-attack in June, which mainly affected Maersk Line, hurting its results.

For the full year, Maersk reported a loss of $1.2 billion, up from a 2016 loss of $496 billion.

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