OREANDA-NEWS. “We have improved our performance in the past year and we are satisfied with our result for the first quarter," says Group CEO Nils S. Andersen.

"Maersk Line is much more competitive and has gained strength to deal with the challenging shipping markets.

"During the year, Maersk Oil has replaced its reserves successfully and we will continue with a high exploration level to develop our portfolio for the long term.

"APM Terminals continues to progress in growth markets while Maersk Drilling has overcome its operational issues and is back on track."