Clarkson: Turning point for Maersk in second quarter

To be released on August 14th, A.P. Moeller – Maersk’s results for the second quarter will likely be a turning point for the Group, but not until the third quarter will the it be certain if the upswing is a reality, says Clarkson Capital Markets to ShippingWatch.

BY JAKOB VESTERAGER

Published: 07.08.12 at 15:58

While RS Platou Markets have very high expectations in advance to the second quarter results from A.P. Moeller – Maersk, Clarkson Capital Markets also remain positive, though they only dare to believe in a turning point for Maersk Line once the third quarter report has arrived.

"It feels like the turning point will happen in the second quarter, but that will not be certain until we are in the third quarter because that is where we will hopefully experience a peak season particularly on the route to the U.S. Europe is still in recession mode, but we are encouraged by the volumes going from Asia to the US. We are also seeing spot rates that have gone up significantly year on year on both trades,” says Michael Pak, Senior Analyst of Clarkson Capital Markets.

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