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Platou predicts a weakened Maersk

When A.P. Moeller-Maersk's financial report for the fourth quarter is published this Friday, Platou expects to see a fourth quarter with Maersk Line profits close to zero, which would mean that the results for the year will be minimally positive, as expected.

Photo: Maersk Line

Maersk Line will have exited the fourth quarter 2012 with net profits very close to 0, which would mean a marginally positive result for the year, corresponding to expectations, according to the Platou analysts' estimates for the financial report that Maersk will present this Friday.

"Platou expects the container rates to have dropped 5 percent compared the third quarter, to USD 2,871 per feu, that container volumes have dropped by 2 percent compared to the third quarter, to 2.06 feu, and that bunker prices have gone down one percent, to USD 640 per ton. This should result in EBITDA profits of half a billion dollars, compared to a USD 900 million profit in the 3rd quarter 2012", Platou writes about Maersk Line.

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