Shares in oil and shipping group A.P. Moller-Maersk fall 4 percent to 30,200 Danish crowns ($5,641) after the head of its shipping unit Maersk Line tells Bloomberg he expects the unit to make "considerable" losses in 2009 and 2010, traders say.
A.P. Moller-Maersk spokesman Michael Storgaard says Eivind Kolding has told Bloomberg: "We will have a substantial loss this year and next year will be equally difficult."
Maersk Line is the world's biggest container shipping firm.
"It's the news Maersk Line will lose money in 2009 and 2010 and the lower container ship volumes, which Eivind Kolding is quoted on (that moves the share)", says Mads Zink, chief trader at Danske Bank.
A.P. Moller-Maersk swung to its first group loss since World War Two in the first quarter amid slowing global trade, and warned the full year might end in deficit too.
A.P. Moller-Maersk spokesman Michael Storgaard says Eivind Kolding has told Bloomberg: "We will have a substantial loss this year and next year will be equally difficult."
Maersk Line is the world's biggest container shipping firm.
"It's the news Maersk Line will lose money in 2009 and 2010 and the lower container ship volumes, which Eivind Kolding is quoted on (that moves the share)", says Mads Zink, chief trader at Danske Bank.
A.P. Moller-Maersk swung to its first group loss since World War Two in the first quarter amid slowing global trade, and warned the full year might end in deficit too.