Group revenues in Q3 were $18.1 billion
against $14.2 billion in Q3 in 2025.
Against the backdrop of strong earnings in Q3 Maersk has upped its full
year EBIT forecast to $8 - $8.5 billion up rising from $4 – $6.5 billion
previously based on a full growth forecast of 4% for global container
volumes. Vincent Clerc, Chief
Executive Officer of Maersk: “We delivered a strong quarter across our
businesses. Despite continued geopolitical uncertainty and disruptions, global
trade has remained remarkably resilient.”
As is often the case for shipping disruption while operationally
challenging proved beneficial to earnings for the Copenhagen-headquartered
group. It noted that Asian exports were impacted by typhoon disruptions in July
and August resulting in substantial port congestion that soaked up significant
vessel capacity. “At its peak,
global average port waiting times reached 16.6 hours, the highest level since
January 2023,” Maersk. This in turn positively impacted freight rates with the
the Shanghai Containerised Freight Index (SCFI) up 46% in
Q3 compared to the previous quarter.
Earnings for its ocean business reflected this with a $2.6 billion EBIT
in Q3 compared to $576 million a year earlier. The ports business under APM
Terminals reported an EBIT of $493 million
compared to $571 million a year earlier, and logistics and services Q3 EBIT
stood at $259 million up from $218 million in 2025.
Maersk CEO Clerc was bullish on demand
for container shipping and stated: “Demand is being driven not only by consumer
spending, but increasingly by major investments in electrification, energy and
the rapid expansion of AI infrastructure, generating significant flows of
industrial cargo around the world. We have been well positioned to capture this
demand, with our vessel fleet operating at full capacity and demand exceeding
available space on certain routes.”