Shipping giant maersk has lifted its full-year profit outlook after reporting stronger-than-expected second-quarter results, citing resilient global container demand despite trade tensions, reported Reuters.
Maersk now expects global container volumes to grow by two to four per cent in 2025, up from its previous forecast of minus one to plus four per cent. The company said a drop in US imports following tariff hikes was offset by strong growth in other regions, particularly Europe.
CEO Vincent Clerc said most customers, including Walmart and Nike, are taking a wait-and-see approach to supply chain changes. He noted that container shipping has remained largely immune to tariffs in the short term, with Chinese exports to Europe and other regions continuing to rise.
Maersk raised its full-year EBITDA guidance to between US$8 billion and $9.5 billion, up from $6 billion to $9 billion. Second-quarter EBITDA rose seven per cent year-on-year to $2.3 billion, beating analyst expectations of $1.98 billion. Revenue increased 3 per cent to $13.1 billion.
Shares in Maersk rose as much as six per cent following the announcement. The company warned of slower growth in the second half of the year but said demand outside North America remains strong. Trade between China and the US continues to face uncertainty ahead of an August 12 deadline for a new deal.
SeaNews Turkey
Maersk now expects global container volumes to grow by two to four per cent in 2025, up from its previous forecast of minus one to plus four per cent. The company said a drop in US imports following tariff hikes was offset by strong growth in other regions, particularly Europe.
CEO Vincent Clerc said most customers, including Walmart and Nike, are taking a wait-and-see approach to supply chain changes. He noted that container shipping has remained largely immune to tariffs in the short term, with Chinese exports to Europe and other regions continuing to rise.
Maersk raised its full-year EBITDA guidance to between US$8 billion and $9.5 billion, up from $6 billion to $9 billion. Second-quarter EBITDA rose seven per cent year-on-year to $2.3 billion, beating analyst expectations of $1.98 billion. Revenue increased 3 per cent to $13.1 billion.
Shares in Maersk rose as much as six per cent following the announcement. The company warned of slower growth in the second half of the year but said demand outside North America remains strong. Trade between China and the US continues to face uncertainty ahead of an August 12 deadline for a new deal.
SeaNews Turkey
