Danish bank: Maersk Line is looking at a bad fall season

“There seem to be no indications that the market is exercising discipline right now. Currently, it also looks like the shipping companies are actively undercutting each other,” says A.P. Moeller – Maersk analyst Ricky S. Rasmussen from Nykredit Markets to Ritzau Finans.

Photo: Hanjin

The rates between Asia and Europe fell in 10 out of the 11 last weeks and thereby, the rates on Maersk Line’s incredibly important route have dropped 35 percent since the peak of $1888 in late June. On Wednesday, Alm. Brand Markets reversed course and announced the death of price discipline within the industry. At Nykredit Markets, this has also caused frowns.

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