COPENHAGEN: AP Moller-Maersk A/S said its container line, the world’s biggest, will be profitable in 2017 after the business lost money last year.
Maersk Line’s underlying result will be more than US$1bil better than the US$384mil loss it booked in 2016, the Copenhagen-based company said in a stock-exchange statement yesterday. The company also said its chairman, Michael Pram Rasmussen, is stepping down after almost 18 years on the board of Maersk. He will be replaced by Jim Hagemann Snabe, who is also the chairman of Siemens.
