Maersk rises on container outlook.
Shares in Danish shipping and oil conglomerate A.P. Moeller-Maersk (MAERSKa.CO) (MAERSKb.CO) rise as nuch as 2.5 percent, among the top gainers in Copenhagen's blue-chip index, with analysts upbeat on container shipping.
Maersk Line is the world's No. 1 container shipper.
"Container freight rates for the Asia-Europe trade lanes have returned to 2007 peak levels," Dutch bank ING says in a note, quoting the South China Morning Post newspaper.
Separately, Maersk rival Neptune Orient Lines (NEPS.SI) (NOL) of Singapore, the world's fifth-biggest container shipping firm, says it carried 63 percent more containers in the six weeks to Feb. 5 versus a year ago.
Pan-Nordic bank Nordea has A.P. Moeller-Maersk as its top pick among shipping companies. "We have already seen that freight rates and volumes have begun to rise," Nordea says.
Lan & Spar Bank says Maersk's global shipping footprint makes it more attractive than other maritime transport shares. Danish financial daily Borsen says analysts continue to see potential for A.P. Moeller-Maersk shares.