The Maersk Alfirk, left, and Colorado Specific container ships docked on the Port of Los Angeles in Los Angeles, California, US, on Thursday, April 24, 2025.
Bloomberg | Bloomberg | Getty Pictures
Danish transport large Maersk on Thursday posted stronger-than-expected first-quarter working revenue and maintained its full-year steerage.
The corporate, extensively considered a barometer of world commerce, reported preliminary underlying earnings earlier than curiosity, tax, depreciation and amortization (EBITDA) of $2.71 billion for the primary three months of the 12 months.
That is up 70% from $1.59 billion over the identical interval a 12 months earlier and above the $2.57 billion anticipated by analysts in an LSEG ballot.
Maersk stored its 2025 revenue steerage unchanged at between $6 billion and $9 billion however mentioned world container market quantity progress had been revised to -1% to 4% “given the elevated macroeconomic and geopolitical uncertainty.”
Disruption within the Pink Sea, in the meantime, is anticipated to proceed all through the remainder of the 12 months, Maersk mentioned.
“We delivered robust outcomes in comparison with the identical quarter final 12 months, pushed by momentum in our operational effectivity and a world economic system in good condition for the primary three months,” Maersk CEO Vincent Clerc mentioned in a press release.
“With commerce tensions flaring up and uncertainty on the rise, world provide chains are as soon as once more within the highlight,” he added.
The outcomes come because the transport business continues to navigate a fancy tariff panorama sparked by U.S. President Donald Trump’s administration.
Trump’s present coverage consists of 145% import duties on merchandise from China, prompting Beijing to hit again with tariffs on U.S. items.
Shares of Maersk are down roughly 6% year-to-date.
That is breaking information. Please refresh for updates.
