Jul. 3 at 8:10 PM
Goldman Sachs upgraded A.P. Moller-Maersk to Neutral from Sell and raised its 12-month price target to DKK 16,000 from DKK 13,000, citing a less severe-than-expected deterioration in container shipping supply-demand conditions through 2027. The bank also lifted its EBITDA forecasts to
$9.98 billion for 2026 and
$8.31 billion for 2027, well above consensus, reflecting delayed vessel deliveries and stronger industry fundamentals.
Goldman expects global container fleet growth to slow as diesel engine supply bottlenecks—driven in part by surging data center demand—delay new ship deliveries. The bank estimates effective net supply growth of about 4% in 2027 and said additional AI-related demand for diesel generators could further postpone vessel deliveries.
For 2026, Goldman highlighted stronger North-South freight rates, lower fuel costs and favorable third-quarter market conditions.
$AMKBY $GS