HSBC projects significantly higher earnings for Maersk in 2022

Major bank HSBC projects considerably higher earnings for Maersk in 2022 as freight rates will keep going up. As a result, the bank views additional upgrades from Maersk as "inevitable."
Photo: Oh Su-Hee/AP/Ritzau Scanpix
Photo: Oh Su-Hee/AP/Ritzau Scanpix

Container freight rates are headed one way only, and that is up – a trend that will continue in 2022. Consequently, more upgrades are in the offing from the world's largest container carrier, Maersk, assesses an update from major bank HSBC, which also notes that spot rates have continued to rise in the third quarter, the 18th week in a row, while bottlenecks and growing consumption continue to fuel demand.

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