The benefits of scale were evident in the first quarter, as unit costs fell 6.2 percent and the average bunker price plunged 38 percent. This contributed to Maersk Line recording its best ever quarterly results. According to reports, Maersk Line's first quarter profits doubled to $710 million.
In this difficult environment, the group has continued to deliver high returns and cash flows, and with a strong balance sheet, the group continues to invest in profitable growth.- Maersk Group
On the boost of these profits, Maersk Line now expects to achieve a higher underlying result than the $2.2 billion achieved 2014, and aims to grow container volumes by 3 to 5 percent – in line with global demand.
Based on the performance in the first quarter, the group now expects an underlying result of around $4 billion for 2015.- Maersk Group CEO
The Maersk Group overall delivered a profit of $1.6 billion in the first quarter, up 33 percent from the same period a year earlier (2014).