Tougher market conditions, due to lower freight rates and higher fuel costs in the final quarter, meant that Maersk Line missed its full-year profit target.
Maersk Group’s guidance – which it reiterated in November – was for an improvement of around $1bn for the carrier, which lost $384m in 2016.
And despite the Petya cyber attack in the summer, Maersk was confident it could still achieve its guidance.
However, requiring a modest $158m profit in …
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Source: The Loadstar