The jump in profit at Maersk Line, the world’s largest container shipping company, is an early sign the company is starting to recover from several tough years in the industry.
Maersk Line raised its 2014 profit outlook to beat last year’s $1.5 billion rather than matching it, partly driven by increasing demand in China for European food, fashion and car parts.
Maersk, which has about 15 percent of the global market, expects demand for containers to increase by 4-5 percent this year.