Maersk Raises Guidance Again on Higher Freight Rates and Resilient Demand
By Dominic Chopping
A.P. Moller-Maersk raised its full-year guidance for the third time this year as demand and tighter container capacity continued to send freight rates higher in the third quarter.
The Danish shipping group said that severe typhoons in East Asia during the third quarter and the continuing disruption to shipping from the Strait of Hormuz closure caused widespread network congestion in the quarter, driving capacity constraints and sending freight rates sharply higher.
At the same time, demand and global trade has remained resilient, driven by consumer spending and also increasingly by major investments in electrification, energy and the rapid expansion of AI infrastructure, which Maersk said is 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," Chief Executive Vincent Clerc said.
The company now targets underlying earnings before interest, taxes, depreciation, and amortization for the year of between $14 billion and $14.5 billion, ahead of its previous target range of $10.5 billion and $12.5 billion.
It also raised its guidance for underlying earnings before interest and taxes to between $8 billion and $8.5 billion, from $4.5 billion to $6.5 billion.
The company had already lifted its annual forecasts in August and June due to strong demand and rising freight rates.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 05, 2026 02:54 ET (07:54 GMT)
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