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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Related articles

Latest news

See all jobs