“The container business has been doing very well,” Jacob Pedersen, an analyst at Sydbank A/S. “The lack of containers and sharp increase in rates are definitely benefiting Maersk Line. This may be a signal that pricing discipline has returned to the industry.”

Maersk had been projected to report full-year net income of 14.6 billion kroner ($2.5 billion), according to the average estimate of 13 analysts compiled by Bloomberg.

Read the full Bloomberg article at the Manila Bulletin