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Maersk Line Swings Back Into Black: CEO

Sun 19 May 13 | 08:10 PM ET
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Maersk Line Swings Back Into Black: CEO

Sun 19 May 13 | 08:10 PM ET
Tim Smith, North Asia CEO of Maersk Line says a reduction in costs helped first-quarter earnings swing back into the black from a loss a year ago. He says new capacity coming into the Chinese market are driving freight rates down.
 
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