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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Jyske Bank slashes Maersk Line estimate for this year

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Maersk conglomerate began to impede its business units

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Front page now

Panama Canal once again limits the daily number of ships

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Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

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Seven Seas: Customers' green ambitions and actions don't align

Further reading

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Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs