Maersk Line sails from red to black in first half year

Maersk Line carried 10.6 million teu in the first half of the year, sitting well above the 10.03 million teu at the end of June last year, figures published by A.P. Moller-Maersk this morning show. Average freight per forty-footer (feu) rose from $1,782 to $2,014, but unit costs for the full six months rose from $1,981 to $2,069. This was partly due to the increased bunker price. In the second quarter, revenues per feu did exceed costs.