Maersk remains on course for success despite uncertainties
A.P. Moller – Maersk reported EBIT of USD 2.06 billion for the first half of the year. Despite geopolitical challenges and unstable freight rates, the company maintained profitability through growth in its Ocean division, strong performance in Logistics & Services and Terminals, and disciplined cost control.
Operational momentum and Gemini impact
CEO Vincent Clerc described the period as a “strong first half-year,” citing operational gains and the successful rollout of the Gemini cooperation with Hapag-Lloyd. The new East-West network, fully implemented by June, improved reliability and supported Ocean segment volumes.
Ocean segment sees growth, but rate pressure remains
Ocean volumes rose 4.2%, driven by Asian exports. Freight rates recovered slightly but stayed below 2024 levels. Focus remained on stabilising services and executing Gemini, which now boasts a 90%+ reliability rate.
Logistics and Terminals drive earnings
Logistics & Services delivered $175 million EBIT, up 39%, with improved productivity and margin (4.8%). Terminal volumes grew 9.9%, lifting EBIT to $461 million (+31%) and boosting ROIC from 12.2% to 15.4%.
Forecast revised upward
Buoyed by its H1 performance, Maersk raised its 2025 container growth outlook to 2–4% (previously -1 to 4%). Red Sea disruptions are expected to persist all year. In Q2, $864 million was returned to shareholders, including $514 million via share buybacks.
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