Maersk Shares Rise as Market Sees Silver-Lined Profit Warning
Shipping containers stand stacked at the container terminal at the Port of Durban.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Shares in A.P Moller-Maersk A/S rose as much as 6.9 percent, the most since December 2016, after the world’s largest container line said freight rates had recovered from their drop in the second quarter.
The Copenhagen-based company made the comments as it lowered its full-year outlook, a move the market had already priced into the shares.