Maersk completes ethanol bunkering. SEB sets DKK 21,500 target for Maersk stock
Published on 10/19/2026 at 10:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMaersk expands fuel strategy
- Maersk completed a 5,000 metric tonne ethanol bunkering in Singapore on October 19, 2026.
- Second-quarter 2026 revenue reached USD 15.8 billion and EBIT reached USD 1.6 billion.
- Maersk stock trades at EUR 3,276.50 at 10:03 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.44 percent above the Xetra close of October 16, 2026.
- SEB set a DKK 21,500 target on October 13, 2026, against a DKK 23,990 reference price.
A.P. Moller - Maersk (ISIN DK0010244508) completed a 5,000 metric tonne ethanol bunkering in Singapore on October 19, 2026. According to Maersk, the operation involved Maersk Halifax, its first retrofitted dual-fuel vessel, and marked the first ethanol bunkering on a retrofitted vessel in its fleet. SEB's October 13, 2026 target for Maersk stock was DKK 21,500, according to TargetWatch.
Fuel strategy gains a test case
The Singapore operation used ISCC-certified bioethanol and was conducted with the Maritime and Port Authority of Singapore and other partners. Maersk said the test is intended to build operating knowledge on fuel sourcing, supply-chain readiness and vessel operations. That makes the event operational rather than a new earnings forecast.
The company said the bunkering took place while Maersk Halifax also handled cargo operations. The vessel is part of a broader multi-fuel approach that includes earlier ethanol trials on Laura Maersk, Antonia Maersk and Tangier Maersk.
What supports the earnings case?
Maersk's second-quarter 2026 revenue reached USD 15.8 billion, while EBIT was USD 1.6 billion and EBITDA was USD 3.0 billion, according to Maersk. Revenue rose 20 percent from USD 13.13 billion in the second quarter of 2025, and free cash flow reached USD 0.5 billion in the second quarter of 2026.
The same investor update showed underlying full-year 2026 EBITDA guidance of USD 10.5 billion to USD 12.5 billion and underlying EBIT guidance of USD 4.5 billion to USD 6.5 billion. The range keeps freight rates, container volumes and execution in logistics central to the investment case.
Three dates frame the story
On August 13, 2026, Maersk published its second-quarter 2026 results with USD 15.8 billion of revenue. On October 12, 2026, its investor page listed a share buyback transaction announcement. On October 19, 2026, Maersk announced the 5,000 metric tonne Singapore ethanol bunkering.
When are results due?
Maersk's investor-relations page lists November 5, 2026, for the interim report covering the third quarter of 2026. That report will provide the next scheduled test of the higher earnings guidance.
Stock stays near its yearly high
At Lang & Schwarz, the stock was trading at EUR 3,276.50 on October 19, 2026, at 10:03 a.m. CEST, up 0.44 percent versus the Xetra close of October 16, 2026, at EUR 3,262.00. The primary Danish quotation was DKK 24,450 at 10:05 a.m. CEST on October 19, 2026, against a 52-week range of DKK 12,125.00 to DKK 25,380.00. The further course of trading is shown by the continuously updated real-time quote of Maersk stock.
Maersk stock facts
- Company: A.P. Moller - Maersk A/S
- ISIN: DK0010244508
- Ticker: MAERSK-B
- Price Lang & Schwarz (as of October 19, 2026, 10:03 a.m. CEST): EUR 3,276.50
- Change versus Xetra close: plus 0.44 percent
- Xetra close (October 16, 2026): EUR 3,262.00
- Market capitalization: DKK 351.9 billion (as of October 19, 2026)
- 52-week range: DKK 12,125.00-DKK 25,380.00 (as of October 19, 2026)
- Sector / Industry: Industrials / Marine Shipping
- Next earnings date: November 5, 2026
Market context: Latest market reports.
