AP Moller-Maersk has raised its full-year profit outlook after resilient container demand offset trade tensions, though the Danish shipper warned of softer growth in the second half, reported Reuters.
maersk now expects global container volumes to rise two to four per cent in 2025, revising its previous forecast of minus one to plus four per cent. The company cited strong import growth in Europe and other regions, which outweighed a contraction in US volumes.
'Even with market volatility and historical uncertainty in global trade, demand remained resilient,' said chief executive Vincent Clerc. Maersk shares rose over three per cent in early trading.
The company said underlying EBITDA for the year is now projected between US$8 billion and $9.5 billion, up from its earlier range of $6 billion to $9 billion.
Second-quarter EBITDA rose 7 per cent year-on-year to $2.3 billion, beating analyst expectations. Sales increased three per cent to $13.1 billion, also ahead of forecasts.
Maersk noted that Red Sea disruptions are expected to persist through year-end, with vessels rerouted around Africa due to attacks by Houthi militants. Longer sailing times and higher freight rates have benefited carriers.
Trade between China and the US fell sharply earlier this year amid tariff disputes, prompting some carriers to suspend routes. A truce was reached, but uncertainty remains over a potential 55 per cent tariff deadline.
'In a highly politicised environment, and confronted with major disruptions, goods continued to flow across and within countries,' Maersk said, highlighting the resilience of global logistics.
SeaNews Turkey
maersk now expects global container volumes to rise two to four per cent in 2025, revising its previous forecast of minus one to plus four per cent. The company cited strong import growth in Europe and other regions, which outweighed a contraction in US volumes.
'Even with market volatility and historical uncertainty in global trade, demand remained resilient,' said chief executive Vincent Clerc. Maersk shares rose over three per cent in early trading.
The company said underlying EBITDA for the year is now projected between US$8 billion and $9.5 billion, up from its earlier range of $6 billion to $9 billion.
Second-quarter EBITDA rose 7 per cent year-on-year to $2.3 billion, beating analyst expectations. Sales increased three per cent to $13.1 billion, also ahead of forecasts.
Maersk noted that Red Sea disruptions are expected to persist through year-end, with vessels rerouted around Africa due to attacks by Houthi militants. Longer sailing times and higher freight rates have benefited carriers.
Trade between China and the US fell sharply earlier this year amid tariff disputes, prompting some carriers to suspend routes. A truce was reached, but uncertainty remains over a potential 55 per cent tariff deadline.
'In a highly politicised environment, and confronted with major disruptions, goods continued to flow across and within countries,' Maersk said, highlighting the resilience of global logistics.
SeaNews Turkey
