US EditionMaersk Cuts Global Container Market Outlook on Tariff War
- Maersk, a Danish shipping company, reported a 70% rise in first-quarter 2025 Ebitda to $2.71 billion, with net profit reaching $1.2 billion before US tariffs started in April.
- The growth was driven by increased shipping prices and improved expense management; however, the import tariffs implemented by President Trump in April led to a 30% to 40% decline in container traffic between the US and China, impacting Maersk's trading operations.
- CEO Vincent Clerc said the trade war mainly affects US-China routes, while other global trade lanes continue to operate normally despite tariffs having already impacted container market activity in April.
- Maersk lowered its 2025 global transport market forecast on May 8 to a range from a 1% contraction to 4% growth, citing increased macroeconomic and geopolitical uncertainty.
- The company expects ongoing disruptions in the Red Sea through 2025 and said second-quarter growth depends on shippers frontloading shipments to use a 90-day tariff pause effectively.
12 Articles
12 Articles
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