Transport & Logistics reported a revenue growth of 14% to USD 8bn. Performance was challenged from the June cyber-attack of which the financial impact is in the range of USD 250-300m. The cyber-attack primarily impacted July and August and the vast majority of the impact is related to Maersk Line that reported an underlying profit of USD 211m and a positive ROIC of 4.3%.
“The revenue increased in Transport & Logistics by 14% and was mainly driven by higher revenue in Maersk Line. Market fundamentals stayed positive with global container volume growth at 5% in the third quarter compared to the same period last year and an increase in nominal supply of 3%. However, contingency initiatives related to recovery after the cyber-attack resulted in a negative development in Maersk Line volumes of 2.5% and increase in unit cost of 3.9% at fixed bunker prices,” says Søren Skou.
Transport & Logistics continues to develop new digital services to customers offering better and simpler products across the supply chain. In September, Maersk Line launched the Remote Container Management for customers, which provides customers shipping refrigerated cargo with an unprecedented understanding of their supply chain.
