Jefferies points to stronger container rates in 2017

Analysts Jefferies is optimistic about the developments in contract rates for the container market in 2017. "Full year 2017 contracts will be 25 percent higher," notes the firm.

Photo: Maersk Line

The world's biggest container carrier, Maersk Line, disappointed analysts with a larger deficit that expected for the third quarter.

Maersk Line lost USD 116 million in the quarter against a positive result of USD 264 million in the same period last year, and the carrier now projects a full-year deficit for 2016.

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