Independent journal on economy and transport policy
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They improve the economic results of Maersk Line, while for the first time APM Terminals incurs in red a quarterly one
the navigation company has closed the second trimester of 2017 with a profit clearly of 339 million dollars
August 16, 2017
The shipowning, logistic group and energetic Danish A.P. Møller-Mærsk has concluded the second trimester of this year with a net loss of -264 million dollars respect to a profit clearly of 118 million dollars in the period April-june of 2016. The revenues have grown of +8.4% attesting itself to 9,6 billion dollars regarding less than 8,9 billion dollars in according to trimester last year. The EBITDA is piled to 2,1 billion dollars (+15.7%) and the EBIT to 302 million dollars (- 54.0%).
In the single segment of the containerized marine transport, centralized on the company of navigation Maersk Line that integrally is controlled by the Danish group, an improvement of the economic performances is recorded. After four archived item consecutive trimesters with an economic result clearly of sign negative, in fact, Maersk Line has closed the second trimester of the 2017 with a profit clearly of 339 million dollars respect to a net loss of -151 million dollars in the same period last year.
In according to trimester of this year revenues of Maersk Line they are increased of +20.5% to 6,1 billion dollars regarding less than 5,1 billion dollars in the quarter April-june of 2016. The increase of the volume of transactions is determined partially by the increment of the transported containerized volumes from the fleet of Maersk Line, that pairs to 2,7 million container from 40 have turned out ' (feu), with a +1.7% on according to trimester of 2016, but above all from the rise of the hires. In according to trimester of this year medium hire it has turned out pairs to 2.086 dollars/feu, with an increase of +21.6% regarding 1.716 dollars/feu in the correspondent period of 2016. Such positive effects partially are counterbalanced by the important increase of the cost of the fuel, with an average price of the fuel that in according to trimester of 2017 has turned out pairs to 313 dollars/ton, with an increase of +61.3% regarding 194 dollars/ton in the period April-june of 2016.
In the quarter concluded 30th june the fleet of portacontainer of Maersk Line employed on the marine routes East-West he has transported cargo volumes pairs to 939 thousand feu, with a decrease of the -1,3% on the same period of 2016, and relative the medium hire to these lines has turned out pairs to 2.229 dollars/feu (+35.8%). On the routes north-south instead they are transported 1,3 million feu and the medium hire has turned out pairs to 2.259 dollars/feu (+16.5%). On the intra-regional routes the traffic volume has been pairs to 452 thousand feu (+10.1%) and the medium hire to 1.349 dollars/feu (+2.2%).
In according to trimester of this year Maersk Line it has recorded an EBITDA of 859 million dollars (+135.3%) and an operating result of positive sign and pairs to 376 million dollars respect to a sign result negative and pairs to -123 million dollars in according to trimester last year.
If Maersk Line, than recently has tightened an agreement in order to buy the company of German navigation Hamburg Süd ( on 1° December 2016), it has brought back an improvement of the economic results, for the first time the closely connected terminalistiche activities to the services of line of the navigation company, that they are operated by the APM Terminals, the society also it integrally controlled from A.P. Møller-Mærsk that manages the container harbour terminals of the group, has concluded a quarterly period in red.
In according to trimester of this year APM Terminals it has totaled a net loss of -100 million dollars respect to a profit clearly of 112 million dollars in the same period of 2016. The revenues are diminished of the -7,0% coming down to 989 million dollars and are recorded also a deterioration are of the EBITDA, that it has been pairs to 147 million dollars (- 21.4%), is of the EBIT that has been of sign negative and pairs to -118 million dollars respect to an operating profit of 141 million dollars in the period April-june of 2016.
In the quarter April-june of the 2017 76 managed harbour terminal from APM Terminals they have enlivened a containerized trade pairs to 9,8 million container from 20 ' (teu) regarding 9,4 million teu enlivened in the correspondent period last year (when the terminals managed from the company were 72).
The budget of entire the first semester of 2017 of group A.P. Møller-Mærsk shows revenues for a total of 18,6 billion dollars, in increase of +6.7% on the first half last year. EBITDA and EBIT have turned out pairs respective to 3,8 billion dollars (+11.5%) and 1,0 billion dollars (- 12.6%). The Danish group clearly has archived item the first six months of this year with a net loss of -11 million dollars respect to a profit of 342 million dollars in the first semester of 2016.
The single Maersk Line has closed the first semester of this year with a profit clearly of 273 million dollars on revenues pairs to 11,6 billion dollars respect to a net loss of -114 million dollars on revenues pairs to 10,3 billion dollars in the first half of 2016. The EBITDA has been pairs to 1,3 billion dollars (+52.2%) and the operating result has been of positive sign and pairs to 334 million dollars respect to a result of sign negative for -107 million dollars in the first six months of 2016.
In the first six months of the 2017 ships of Maersk Line they have transported cargo volumes pairs to 5,3 million feu, with an increase of +5.7% regarding 5,0 million feu in the same period of 2016. On the marine routes East-West +3.1% are transported less than 1,9 million feu (), on the routes north-south 2,6 million feu (+5.4%) and on intra-regional routes 878 thousand feu (+12.7%).
In the first semester of this year the harbour terminals of APM Terminals have enlivened a containerized trade pairs to 19,2 million teu regarding 18,1 million teu in the first half of 2016. The society has concluded the period with revenues pairs almost 2,0 billion dollars (- 1.4%), with an EBITDA of 316 million dollars (- 10.0%) and with an operating result and an economic result clearly both of sign negative and pairs respective to -6,0 million and -9,0 million dollars regarding results of positive sign for 264 million and 220 million dollars in the first semester last year.
Commenting today the results achieved from the group the A.P managing director. Møller-Mærsk, Søren Skou, have remembered that in the last week of according to trimester of this year computer science systems of the group they are infected by a virus, attack computer science whom - it has specified - "an impact has had mainly on Maersk Line, APM Terminals and Damco" ( on 28 June 2017). "For a couple of weeks in July - it has specified Skou - the activity volumes have quickly an impact negative and, consequently, our results of the third trimester of it will suffer the effect. We preview that I attack it computer science will have an impact negative on the results pairs to 200-300 million dollars".
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