The Norwegian finance house believes the benefits of cheaper fuel for Maersk Line outway the cost of lower revenue to Maersk Oil’s bottom line.
In a report this morning, DNB’s analyst team of Nicolay Dyvik, Oyvind Berle and Petter Haugen argue the cheaper oil price will provide an earnings bridge for Maersk Line before a boxship market recovery in 2016.
DNB says AP Moller could potentially upgrade its profit guidance in its third quarter report, suggesting even the bank’s above consensus full-year projection of $4.9bn
