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Analyst: Things are getting better for Maersk Line

Otto Friedrichsen from the Danish wealth management company Formuepleje is markedly more optimistic about Maersk Line than he has previously been. Particularly the company’s rate lift has Friedrichsen feeling more optimistic.

Photo: Maersk Line

In terms of weather, the Danish spring and much of the summer has been disappointing, but at the A.P. Moeller-Maersk headquarters in Copenhagen, a sunny mood may be prevailing in expectation of the report for the second quarter which is presented in mid-August.

In the report for the first quarter which was presented in May, the Maersk Group adjusted their expectations upward – both for the entire group and the container activities in Maersk Line and the sister companies. For the container activity, the company expects “a negative to neutral result in 2010, based on the expectation that the improvement in freight rates since March 2012 will continue,” reads the report, which also warned against too much sensitivity toward changes in the market balance.

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