Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Maersk FY23 Meets Guidance | But FY24 Guidance & Commentary Rock Hopeful 'Glass Half-Full' Investors

Monthly Container Shipping Tracker | LNY Timing, Red Sea Re-Routes Boosted Revenue | (February 2024)

Pair Trade Idea: Short Evergreen Against Long Maersk / ZIM

Spot Container Rates Surge | New Fees Also Boosting Carrier Revenue | Increases Could Lift '24 Rates

Maersk Q3: Estimates Met, Guidance Kept | But Downbeat Assessment of Market Sends Shares Down -17%

Monthly Container Shipping Tracker | Lapping Easy Comps | Red Sea Re-Routes & More (December 2023)

TS Lines Pre-IPO | Slimming Down Fleet | Intra-Asia Market Update | Latest From Key Comp Wan Hai

TS Lines Pre-IPO | Like Wan Hai Lines, but Smaller | Intra-Asia Update | Approaches to Valuation

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Equity Bottom-Up

AP Moeller - Maersk A/S / Equity Bottom-Up

<ul>
<li>December was best reading from our momentum tracker since November 2022</li>
<li>Improvement driven by rising spot rates, new fees, and stronger volume growth</li>
<li>Even before Red Sea / Suez capacity squeeze, conditions were bottoming</li>
</ul>


December was best reading from our momentum tracker since November 2022
Improvement driven by rising spot rates, new fees, and stronger volume growth
Even before Red Sea / Suez capacity squeeze, conditions were bottoming


ZIM Integrated Shipping Services (ZIM US)

Monthly Container Shipping Tracker | Rate Momentum +ive | Throughput Up, Too | (January 2024)