Maersk Line improved its profit in 2012 by USD 1.0bn, delivering a profit of USD 461m, although
the year started out with global freight rates at unsustainable levels and all time high bunker prices. From the
second half of 2011 to the second half of 2012, the result improved USD 1.7bn. The improved profit was driven
by a detailed profitability improvement programme with key focus on cost reductions, surcharges collection and
rate increases, enabled through active capacity adjustments.