Analyst: Maersk is facing increasing downward risks due to industry overcapacity.

Nordic Bank analyst Lars Heindorff wrote that A.P. Moller-Maersk Group faces increasing downward profit risks due to overcapacity. Container ship owners continue to order new vessels, with Nordisk Bank currently expecting total supply in 2026, 2027, and 2028 to be 5.0%, 8.9%, and 12.0% respectively. The bank added that the reopening of the Suez Canal will release about 5% of global capacity, potentially adding further downward pressure. Although Maersk's valuation is low, Nordisk Bank expects further pressure on freight rates to drag down its stock price, as 2026 progresses and investors shift their focus to 2027-2028, this pressure may become more apparent. Nordisk Bank maintains a sell rating on the Danish shipping company and has raised its stock price target from 13,100 Danish krone to 13,500 Danish krone. The stock fell 1.1% to 17,505 Danish krone.