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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Related articles

Latest news

See all jobs