News / 'Strong Q3 performance' expected from ocean carriers in a 'fresh dynamic'

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Analysts are expecting a “very strong performance” from the ocean carrier sector in the third quarter, prompting guidance upgrades for full-year earnings.

“There is no doubt that the third quarter will be stronger than the second,” said Dan Togo Jensen, equity analyst, transport and energy at Carnegie Investment Bank.

Mr Jensen told The Loadstar the “change of behaviour” by carriers during the pandemic, with container lines exercising judicious capacity management that, combined with low fuel prices and better than expected demand, had resulted ...