Danish containership giant AP Moller-Maersk has rebounded into profit in the third quarter as rates and volumes rose.
Shares in the Danish giant climbed on the back of results which beat analysts expectations and stable profit guidance, while management was upbeat about progress on an on-going strategic shift.
"After a string of disappointing quarters, Maersk appears to be back on track in Q3, with results broadly as the market expected," said Berenberg analysts led by Joel Spungin.
