Danske Bank sees rays of hope for Maersk Line

Danske Bank sees rays of hope for Maersk Line on the important Asia-Europe route. Contrary to several other analysts, banks believe that the rates could be turning around.

Photo: Maersk Line

Danske Bank sees positive signs for A.P Moeller – Maersk’s Maersk Line and the potential increase of the important rates between Asia and Europe, writes Danske Bank in its morning report, in which the target price stays at 52.000 Danish kroner.

“We are starting to see trends of a turn in rates from Asia to Europe. For the first time in six weeks, we have seen an increase in the future rate expectations despite the off-season. The spot rates continue to struggle and our estimation is that they are now below break-even,” writes Danske Bank.

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