Maersk Raises Full-Year Guidance Despite Volatile External Environment

Given the more resilient market demand outside of North America, A.P. Moller - Maersk A/S (Maersk) has raised its full-year 2025 financial guidance.

The company has also issued advisories to customers on the new US trade and tariff agreements with the European Union (EU), Japan, Indonesia, and the Philippines.

Maersk has achieved strong results in the second quarter with revenue growth of 2.8% and EBIT reaching an impressive US$845 million.

While down sequentially, Maersk results were in line with the previous year despite significant geopolitical uncertainty and continued rate pressure.

For comparison, ONE reduced their full year 2025 outlook for EBITDA to US$2.6 billion down from US$2.9 billion at the start of the year. EBIT was adjusted down to US$400 million from US$700 million earlier.

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Maersk's performance was driven by continued strong results in Terminals, volume growth in Ocean and increased profitability in Logistics & Services and further supported by continued operational improvements and ongoing cost discipline in all business segments.

Vincent Clerc, CEO of Maersk said: "We have had a strong first half of the year, driven by consistent follow through on our operational improvement plans and the successful launch of the Gemini Cooperation.

"Our new East-West network is raising the bar on reliability and setting new industry standards. It has been a key driver of increased volumes and solid delivery of our Ocean business.

"Even with market volatility and historical uncertainty in global trade, demand remained resilient, and we’ve continued to respond with speed and flexibility.

"As our customers navigate these complex challenges, we remain committed to helping them build stronger and more adaptable supply chains— making sure they are ready to not just weather disruption, but to grow through it."

Ocean operations delivered good results in a quarter marked by significant volatility in demand and rates. Volumes grew 4.2% compared to the same quarter last year, mainly driven by exports out of Asia, with freight rates picking up in the quarter.

The Gemini Cooperation was successfully phased in fully in June with reliability scores above the 90% target in its first few months of operation.

Logistics & Services continued to focus on operational efficiency and delivering sustainable profitability improvement. EBIT increased by 39% to US$175 million and EBIT margin was 4.8%, up from 3.5% in the same quarter last year.

The margin growth was driven by strong cost discipline and increased productivity.

It was another strong quarter in Terminals with record-high volumes and revenue. Volumes increased 9.9% and were supported by the successful phase-in of the Gemini cooperation adding more Maersk Ocean volumes to the Terminals business.

The expected global container market volume growth has been revised to between 2% and 4% (previously between -1% and 4%). At this time, disruption in the Red Sea is still expected to last for the full year.

Read More: Maersk Shifts Services from Red Sea Gateway Terminal to Dubai Port World Terminal