Maersk regains investor confidence

Despite the weak 1H 2009 report and a gloomy forecast for 2009, Danish shipping giant A.P.Moller-Maersk (A.P.Møller-Mærsk) is regaining investor confidence. According to Logistics Finland, the company's B shares grew by 13.3% in the past two days.

Stock market analysts say that the investors have grown used to the idea of a weak result in 2009 and are instead putting focus on Maersk's future prospects. Karsten Sloth, analyst with Jyske Bank, expects a considerable rise in Maersk's earnings in 2011 that is driven by both container and oil operations. Peter Rothausen of Danske Banks believes that the worst is over for Maersk and the market is confident that the management is able to improve earnings and profitability.

(Source: Transport Weekly)