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Jefferies projects further losses for Maersk in Q2

The second quarter of 2018 will likely remain negative for Maersk due to high fuel costs and lower freight rates, notes investment bank Jefferies.

Photo: Maersk Line

Another loss-making quarter is in store for Maersk, according to a new analysis from investment bank Jefferies.

A.P. Møller-Mærsk is still srained by low rates on container freight, which have fallen 5 percent since the first quarter, while fuel prices have gone up 12 percent compared to the first three months of 2018.

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