Maersk Raises Profit Forecast Amid Global Trade Resilience

A.P. Moller-Maersk has lifted its profit forecast for the year, citing unexpectedly strong demand for ocean container freight despite ongoing trade tensions. The shipping giant, often seen as an indicator of global trade health, adjusted its expectations for container volume growth to 2% to 4% for the year, acknowledging the likelihood of reduced growth in the second half.

While U.S. import contraction was counterbalanced by surging imports in Europe and other regions, Maersk remained agile. 'Despite volatility and uncertainties in global trade, demand has stayed robust,' commented CEO Vincent Clerc.

Maersk's shares climbed over 3% as the market responded positively. Global trade tensions, notably between China and the U.S., remain a concern with potential 55% tariffs looming. The company also anticipates ongoing shipment disruptions via the Red Sea due to geopolitical conflicts, further impacting freight routes and rates.

(With inputs from agencies.)