Analysts see new guidance upgrades in store at Maersk

Record-high freight rates, strong demand for container transport in the wake of corona lockdowns and tight capacity management make analysts believe in another upgrade of Maersk's 2020 guidance.

Photo: Michael Kooren/Reuters/Ritzau Scanpix

Money is pouring in at Maersk, which is being carried forward by record-high freight rates, a surprisingly strong comeback in demand for container freight and a disciplined, tightly managed control of market capacity.

As a result, equity analysts now project the Danish container major will likely upgrade its earnings guidance for full-year 2020 in connection with its interim report for the third quarter, to be published on Nov. 18 2020.

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