Goldman Sachs downgraded A.P. Mueller Maersk to a sales rating. The bank expects faster container shipping capacity growth and weaker demand to suppress freight rates. Goldman Sachs has set a 12-month target price of DKK 18,000 for Maersk Class B shares, with 24% downside compared to Wednesday's closing price. Analyst Patrick Creuset said that the current boom in container shipping is partly supported by temporary factors, including a slowdown in capacity investment, geographical disturbances, and demand for US inventory replenishment. The bank expects fleet capacity growth to rise to 8% to 10% in the second half of 2027 and further to 12% in 2029. The gradual resumption of shipping traffic on the Suez Canal may reduce actual demand for containers, increase excess capacity, and put further pressure on freight rates.

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