A.P. Moller-Maersk has raised its full-year profit outlook, citing resilient global demand for container shipping despite concerns over trade wars. The Danish logistics giant now expects worldwide container volume growth of 2-4% in 2024, revising its earlier forecast of -1% to +4%. The adjustment follows stronger-than-anticipated import activity in Europe and other regions, which compensated for weaker U.S. trade flows.
The company reported a 7% year-on-year increase in second-quarter EBITDA, reaching $2.3 billion—surpassing analysts’ $1.98 billion estimate. Revenue also climbed 3% to $13.1 billion, exceeding projections. CEO Vincent Clerc attributed the positive performance to Maersk’s ability to adapt quickly to shifting market conditions, emphasizing “resilient demand” despite geopolitical and economic uncertainties.
Maersk now anticipates underlying EBITDA of $8 billion to $9.5 billion for 2024, up from its previous $6 billion to $9 billion range. The upgraded guidance reflects confidence in sustained freight demand and operational efficiency. As one of the world’s largest shipping firms, Maersk’s performance is closely watched as a barometer of international trade health.
The revised forecast suggests that global commerce continues to hold steady, even amid rising trade tensions and supply chain disruptions. While challenges remain, Maersk’s optimistic outlook signals cautious confidence in the industry’s near-term prospects. Analysts will monitor whether this momentum persists in the second half of 2024, particularly with evolving trade policies and economic conditions worldwide.
