Maersk CEO says China's demand is currently the main driver of global trade growth, surpassing the United States.
Maersk CEO: Red Sea Shut-Down To Last Least' Until Year-End– BBGTV
Maersk CEO States That China's Demand Is Driving Global Trade Outside the United States 🚢🌍
A.P. Moller-Maersk A/S raised its full-year 2025 profit guidance after second-quarter results came in ahead of expectations. Revenue for the three months to June rose 3 % year on year to $13.13 billion, while underlying earnings before interest, taxes, depreciation and amortisation increased 7 % to $2.30 billion, both topping analyst estimates. The average loaded freight rate reached $2,259 per forty-foot equivalent unit. The Copenhagen-based shipping group now sees underlying EBITDA for 2025 at $8 billion to $9.5 billion, up from the $6 billion to $9 billion range given in May. Maersk also lifted its forecast for global container-trade growth to 2 %–4 % for the year, citing unexpectedly resilient demand in Europe and other regions that more than offset a contraction in U.S. imports. Chief Executive Officer Vincent Clerc said Chinese imports are currently the main driver of global trade growth. Despite the improved outlook, Maersk maintained that disruptions in the Red Sea—where vessels have been diverting to avoid conflict-related risks—will persist for the rest of the year, continuing to influence routing, transit times and costs.