Clarksons Platou: Is Maersk Line losing the battle?

The world's largest shipbroker, Clarksons Platou, is starting to doubt Maersk Line's ability to win the price war on the container market. Maersk Line is having trouble filling vessels.

Photo: Leth Suez

Maersk Line is under significant pressure to fill vessels, and the interim report from the world's largest container carrier, published Wednesday, is cause for concern in relation to expectations, according to broker and analyst agency Clarksons Platou which - despite the carrier's profit in the first quarter 2015 of USD 714 million, compared to a profit in the first quarter 2014 of USD 454 million - is far from excited about the result.

"Our reading of the underlying performance of Maersk Line is less rosy, however. Maersk expanded its operating container fleet by more than 10 percent year-on-year but saw volumes decline 1.6 percent year-on-year, indicating significant pressure on utilization," says Clarksons Platou in a comment to the report from Maersk Line, which in light of Maersk's upward adjustment for the whole group in 2015, recognizes that the carrier's management does not share this opinion.

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