APM Terminals, the terminal operating arm of AP Moller Maersk, has reported a strong first quarter performance with container growth exceeding the market average.
Container volumes at the Hague-based company’s global portfolio of terminals climbed nine percent, when compared to the corresponding period last year, to 9.4 million TEU.
Meanwhile, profits jumped from US$166 million to $215 million, and return on invested capital (ROIC) also increased from the 12 percent posted in Q1 2013 to 14 percent during the month period. Profit, excluding divestment gains and impairment losses, was also up from $161 million to $217 million.