Platou: Maersk share could be this year's top pick

Maersk, Greek Navios, and Belgian tank carrier Euronav could be the year's most interesting shipping investments, according to analysts Platou.

Photo: Maersk Line

The Maersk share could be the year's absolute top pick for investors in 2014, says analysts RS Platou Markets in a survey of the year's most interesting shipping and oil companies.

The Maersk recommendation, however, is based on several conditions, the perhaps most important one being the competition authorities' approval of the P3 alliance, the announced cooperation between Maersk Line, MSC, and CMA CGM, which for Maersk Line will bring an eight percent reduction in unit costs and, Platou says, increase the carrier's EBITDA by USD 1.9 billion, corresponding to USD 456 per share.

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