Jyske Bank slashes Maersk Line estimate for this year
Jyske Bank slices a big chunk off of its estimate for Maersk Line's operating result this year. Rate increases will come too late in relation to the increase in fuel prices, according to the bank.
BY RITZAU FINANS
The most recent increases in container rates are too small and will arrive too late in relation to the development in bunker prices, notes Jyske Bank, which has reduced its estimate for Maersk Line's operating result (EBITDA) in 2016 to USD 1.2 billion down from previously USD 1.9 billion.
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