ShippingWatch

Maersk's share price is back at its former glory

After a highly unusual year that ended with a historic recovery for the container lines, Maersk's share price ends at a level that has not been seen in years. Analyst does not project this will last far into 2021, but it could rub off on the shipping company's contracts.

Photo: PR / Maersk

One has to go back several years to find a level that comes close to the price currently tagged to the Maersk share.

An unusual year first characterized by doubts, uncertainty and surprise circumstances has turned into enormous rate increases, big profits and not least a seldom seen discipline among the major container lines, and this rubs off on Maersk's share price.

Read the whole article

Get 14 days free access.
No credit card required.

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

DSV CEO on ocean freight: "Currently a flat market"

Despite significant revenue growth in its air and sea division, DSV saw "a flat market" for ocean freight in the third quarter. But CEO Jens Bjørn Andersen doesn't expect a setback in the market. "The goods must be freighted," he says.

Further reading

Related articles

Trial banner

Latest news

See all jobs