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Carnegie: Strong rate developments have ended

The second half of the year is starting to look very challenging for Maersk Line, notes the Swedish investment bank, downgrading its estimates ahead of the Maersk Group's upcoming interim report.

Photo: /ritzau/Asger Ryø Borberg

Following significant improvements in Maersk Line's earnings in the first half of the year, driven especially by a sizeable surge in freight rates, the second half of the year is now starting to look considerably more challenging for the Maersk Group's container carrier, project Carnegie's analysts in an update.

The Maersk Group's third quarter interim report, to be published Nov. 7, will likely be somewhat weaker, projects the Swedish investment bank, citing, among other elements, three factors:

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