The world's largest container carrier has achieved strong profit growth

A.P. Moller-Maersk has helped revive global demand for goods.

The world's largest container carrier A.P. Moller-Maersk achieved strong profit growth in the fourth quarter. The Danish group was helped by a recovery in global demand for goods following a previous decline caused by the coronavirus pandemic. The company reported a net profit of $ 1.3 billion for October-December after losing $ 72 million in the same period a year ago. The group's revenue rose 16 percent to $ 11.3 billion in the final three months of last year. Søren Skou, the CEO, said its core business "performed at a record level due to a strong recovery in demand that led to full capacity utilization." The business of A.P. Moller-Maersk is closely monitoring the markets as it is seen as an indicator of global trade developments.