* Danish shipping, oil group's Q3 net profit beats forecast
* Raises 2013 profit goal to around $3.5 billion from $3.3
* Says global container market showed encouraging growth
* Firm's container unit a bellwether for global economy
(Adds CEO comments, details, share price)
By Teis Jensen
COPENHAGEN, Nov 13 Danish shipping and oil group
A.P. Moller-Maersk raised its earnings forecast
after a strong third quarter, pointing to an upturn in the
container shipping market that should augur well for the global
The group's Maersk Line unit, the world's largest container
shipping line and accounting for about 50 percent of group
revenue, said its transported volumes rose 11 percent in the
The business is seen as a bellwether for the global economy
as its vessels make up around 15 percent of the world's
container shipping capacity.
"The global market showed encouraging growth of around 5
percent in Q3... showing early indications of demand picking
up," Maersk said on Wednesday in its earnings report.
Maersk Line's revenues fell to $6.78 billion, hit by a 12
percent year-on-year drop in freight rates.
But net profit rose 11 percent to $554 million, exceeding
average forecasts of $521 million in a Reuters poll thanks to
cost cuts and lower fuel prices, Maersk said.
Sydbank analyst Jacob Pedersen said the report reflected
early signs of an improvement in the global economy.
"It seems that there is light at the end of the tunnel," he
STEADY AS SHE GOES
Chief executive Nils Smedegaard Andersen told reporters on a
conference call that he did not expect annual growth in the
global container shipping market to exceed 5 percent in the
"We want to grow with the market," he said. "We are not
interested in gaining market share in a low-cost situation".
Maersk raised its forecast for full-year group net profit to
around $3.5 billion from around $3.3 billion and reiterated it
expected Maersk Line to easily beat last year's figure of $461
"Maersk Line's development in transported volumes is better
than expected," analyst Jesper Christensen from Alm. Brand Bank
Group net profit rose to $1.20 billion from $933 million,
also above a Reuters poll forecast of $1.09 billion.
Maersk shares traded up 1.2 percent at 1053 GMT, outpacing a
flat Copenhagen benchmark index.
(Additional reporting by Ole Mikkelsen, Stine Jacobsen and
Maiken Harris, Editing by Jane Merriman, John Stonestreet)