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Clarksons Platou: Maersk Line's earnings soar after Hanjin collapse

Maersk Line is headed towards an operating result of USD 1.1 billion in the final three months of the year with a boost from Hanjin Shipping's entering court receivership, projects Clarksons Platou.

Photo: Maersk Line

Maersk Line is on track for improved earnings for the last three months of this year in a development driven partly by the potential bankruptcy of South Korea's Hanjin Shipping, notes Clarksons Platou.

The broker projects that the Danish container carrier will deliver a fourth quarter 2016 operating result (EBITDA) of USD 1.1 billion, which apart from Hanjin is also attributable to reduced capacity on the Asia-Europe services as well as increased demand.

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