Container liner shares fell across the board in Europe and Asia after the US port strike ended on Thursday.
AP Moller-Maersk plunged as much as 8.6% in Copenhagen while Hapag-Lloyd lost 12.8% in Frankfurt.
“With the strike ending after three days, the impacts of the strike should be short-lived, albeit could lead to some upside pressure on rates over the coming weeks,” Fredrik Dybwad and Nils Thommesen, analysts at Fearnley Securities, said in a note.
