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Analyst firm: Stable rates make projected Maersk earnings look conservative

The continued high rates for container freight now make analysts' expectations for Maersk's operating income in 2021 look conservative, assesses analyst firm Jefferies.

Photo: PR / Maersk

Analysts' expectations for Maersk's earnings in 2021 have started to look conservative after container rates have stabilized somewhat following small rate dips in recent weeks, assesses analyst firm Jefferies.

"The SCFI (spot rate index, -ed.) remained stable this week, while the CCFI (China Containerized Freight Index, -ed.) further increased 4 percent, making Maersk FY21E consensus expectations look conservative," writes Jefferies.

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