A.P. Møller - Mærsk A/S is an integrated logistics company based in Copenhagen, Denmark, founded in 1904. It operates through the Ocean, Logistics & Services, and Terminals segments, serving industries such as FMCG, fashion and lifestyle, retail, chemicals, automotive, technology, pharma and healthcare, and perishables. Its offerings include ocean, inland, less-than-container load, and air and ground freight; warehousing, distribution, and depot services; cold chain and pharmaceutical cold chain management; customs clearance, e-commerce logistics, and lead logistics services; ocean transport, specialized airlift, and vessel chartering; project planning, orchestration, and site support; specialized cargo handling, storage, and survey services; and value-added services such as labelling, tagging, kitting, product customization, garments on hangers, re-packing, quality controls, reporting, pallet shaving/topping off, reverse logistics, and goods disposal.
Maersk Lifts Guidance Again as Suez Return Cuts Costs
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Second guidance raise on strong demand and higher rates Maersk raised its full-year profit forecast for the second time this year, with Q2 EBITDA of $3bn beating forecasts. Higher freight rates and solid demand, especially from the Far East, are driving the upgrade. This directly lifts earnings expectations and supports the share price.
This is the biggest new event of the period and directly raises profit expectations.
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More services return to Suez, cutting transit times and costs Maersk resumed several services through the Suez Canal, including Asia-Mediterranean, Middle East-US East Coast, and the AE19 service. Shorter routes cut fuel and time costs, improving efficiency. This supports profit margins and makes the network more competitive.
These operational changes lower costs and improve service reliability, directly benefiting earnings.
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US retailers front-load holiday orders on tariff fears US retailers are rushing holiday orders from China by four to six weeks ahead of possible tariff hikes. This boosted May and June volumes and freight rates, with China-US container space tightening. For Maersk, this means higher short-term demand and pricing power.
This explains a key driver of the demand surge that lifted rates and guidance.
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Colombia earthquake halts Buenaventura terminal A 7.4 magnitude earthquake in Colombia temporarily suspended Maersk's terminal operations in Buenaventura, a key coffee export hub. Inland road closures may also disrupt cargo. This is a localized disruption that could slightly hurt volumes and add costs, but is unlikely to derail overall performance.
It is the only negative news this period and provides a fair counterweight.
Q3 2026
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Maersk Lifts Guidance Again as Suez Return Cuts Costs
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Second guidance raise on strong demand and higher rates Maersk raised its full-year profit forecast for the second time this year, with Q2 EBITDA of $3bn beating forecasts. Higher freight rates and solid demand, especially from the Far East, are driving the upgrade. This directly lifts earnings expectations and supports the share price.
This is the biggest new event of the period and directly raises profit expectations.
▲
More services return to Suez, cutting transit times and costs Maersk resumed several services through the Suez Canal, including Asia-Mediterranean, Middle East-US East Coast, and the AE19 service. Shorter routes cut fuel and time costs, improving efficiency. This supports profit margins and makes the network more competitive.
These operational changes lower costs and improve service reliability, directly benefiting earnings.
▲
US retailers front-load holiday orders on tariff fears US retailers are rushing holiday orders from China by four to six weeks ahead of possible tariff hikes. This boosted May and June volumes and freight rates, with China-US container space tightening. For Maersk, this means higher short-term demand and pricing power.
This explains a key driver of the demand surge that lifted rates and guidance.
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Colombia earthquake halts Buenaventura terminal A 7.4 magnitude earthquake in Colombia temporarily suspended Maersk's terminal operations in Buenaventura, a key coffee export hub. Inland road closures may also disrupt cargo. This is a localized disruption that could slightly hurt volumes and add costs, but is unlikely to derail overall performance.
It is the only negative news this period and provides a fair counterweight.
News & notes movingDP4A.XETRA
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Deputy Transport Minister Discusses Maersk's Expansion of Investment in Laem Chabang Port and Lat Krabang ICD
Mr. Sanphet Boonyamanee, Deputy Minister of Transport, welcomed Mr. Rene Piil Pedersen, Managing Director, and representatives of A.P. Moller-Maersk Singapore Co., Ltd., along with a delegation, to discuss ways to expand investment and elevate cooperation in logistics systems on 30 September 2026 at the Ministry of Transport meeting room. Mr. Weerayut Ngamchit, Assistant Secretary to the Deputy Minister of Transport, Mr. Weerachat Phuttharaksa, Deputy Director of Laem Chabang Port, and representatives of relevant agencies joined the discussion. Mr. Sanphet disclosed that Maersk has been an economic partner and a major foreign investor in Thailand for more than 75 years, serving as a co-operator of berths B1 and A0 in the Laem Chabang Port area, as well as managing the Lat Krabang Inland Container Depot, or Lat Krabang ICD, all of which are core infrastructure driving the country's trade and exports. The Ministry of Transport is committed to developing the port into a regional logistics hub while promoting environmentally friendly water transport systems to concretely transition toward becoming a Smart & Green Port and a Green Logistics Corridor. Maersk presented approaches to promoting green logistics systems through technology and clean energy, such as supporting the use of container ships powered by bio-methanol, introducing electric trucks for container transport, applying digital technology in management, and enhancing the efficiency of rail transport links between Lat Krabang ICD station and Laem Chabang Port to build a sustainable, environmentally friendly supply chain.
0O76.LSE · Capital · Positive Maersk discussed expanding investment and cooperation in Laem Chabang Port and Lat Krabang ICD logistics infrastructure.
0O77.LSE · Capital · Positive Maersk discussed expanding investment and cooperation in Laem Chabang Port and Lat Krabang ICD logistics infrastructure.
DP4A.XETRA · Capital · Positive Maersk discussed expanding investment and cooperation in Laem Chabang Port and Lat Krabang ICD logistics infrastructure.
A.P. Moller - Maersk · Capital · Positive Maersk discussed expanding investment and cooperation in Laem Chabang Port and Lat Krabang ICD logistics infrastructure.
Maersk Takes Over Puma's Three U.S. Distribution Centers, Opens Them to Other Clients
A.P. Moller-Maersk has taken over management of Puma's three large, highly automated distribution centers in the United States and turned them into multi-client facilities, with Puma letting Maersk rent out unused space to other companies. Under the contract logistics agreement for North America, Maersk will operate warehouses in Torrance, California; Phoenix; and Whitestown, Indiana, outside Indianapolis, totaling about 2.3 million square feet. Puma said outsourcing its U.S. distribution network to Maersk will help maximize the performance of its automated facilities, speed up order processing and reduce costs while supporting retail stores, wholesale customers and online shoppers. The three centers are equipped with AutoStore robotic storage and retrieval systems, and the Torrance facility will become Maersk North America's first AutoStore deployment supporting multiple clients, with capacity for other brands starting in 2027 and the ability to handle roughly 20 million units of throughput each year. Maersk North America operates more than 70 warehouses covering about 22.5 million square feet, and globally Maersk has more than 500 warehouses under management.
Robotics & Physical AI › Warehouse & Logistics Robotics ▲Demand
PUM.XETRA · Supply · Positive Puma outsources its US distribution network to Maersk to speed order processing and cut costs while serving stores, wholesale and online shoppers.
0O76.LSE · Demand · Positive Maersk takes over Puma's three US distribution centers and opens them to other clients, adding 2.3M sq ft of contract logistics business.
0O77.LSE · Demand · Positive Maersk takes over Puma's three US distribution centers and opens them to other clients, adding 2.3M sq ft of contract logistics business.
DP4A.XETRA · Demand · Positive Maersk takes over Puma's three US distribution centers and opens them to other clients, adding 2.3M sq ft of contract logistics business.
0AAE.LSE · Demand · Positive Maersk's Torrance facility becomes its first multi-client AutoStore deployment, expanding use of AutoStore's robotic systems.
Hapag-Lloyd CEO Flags Resilient Demand Amid Middle East Disruption
Hapag-Lloyd Chief Executive Rolf Habben Jansen said container shipping demand has held up more resiliently than expected, even as Middle East conflict, rising costs and uncertainty over a Red Sea return cloud the industry outlook. Hapag-Lloyd has suspended transits through the Strait of Hormuz, and disruption-related costs were running at about $50 million to $60 million per week during the period covered by its June customer call, with bunker fuel, insurance, container handling and inland transportation expenses all higher. Habben Jansen said tariffs in the 15% to 20% range are "not great" and hurt global commerce but "that doesn't stop global trade," and he noted the pace of freight-rate declines had moderated. Gemini partners Hapag-Lloyd and Maersk have switched four more services to a Suez Canal routing from diverted voyages around Africa, covering a pair of Asia-Mediterranean services plus single Asia-North Europe and Indian subcontinent-Europe rotations, leaving three of four Asia-Med services and one of four Asia-North Europe services normalized. Separately, Hapag-Lloyd is revising its proposed $4.2 billion acquisition of Zim to address Israeli security concerns while aiming to close by year-end, a combination Habben Jansen said would yield annual synergies of $300 million to $500 million and create an operation with more than 400 vessels, over 3 million TEUs of capacity and annual volumes exceeding 18 million TEUs, though it would not lift Hapag-Lloyd past China's Cosco as the world's fourth-largest container line.
HLAG.XETRA · Capital · Neutral Hapag-Lloyd is revising its proposed $4.2B Zim acquisition, targeting $300-500M annual synergies and a 400+ vessel fleet.
HLAG.XETRA · Supply · Neutral Hapag-Lloyd suspended Strait of Hormuz transits with disruption costs of $50-60M/week and is switching services back to Suez routings.
ZIM · Capital · Neutral Hapag-Lloyd is revising its proposed $4.2B acquisition of Zim to address Israeli security concerns, an M&A event for Zim with unclear net effect.
0O76.LSE · Supply · Neutral Maersk is named as Hapag-Lloyd's Gemini partner switching four more services back to Suez Canal routing from Africa diversions.
0O77.LSE · Supply · Neutral Maersk is named as Hapag-Lloyd's Gemini partner switching four more services back to Suez Canal routing from Africa diversions.
DP4A.XETRA · Supply · Neutral Maersk is named as Hapag-Lloyd's Gemini partner switching four more services back to Suez Canal routing from Africa diversions.
Maersk raises full-year guidance for second time this year as quarterly operating profit beats forecasts
Danish shipping giant Maersk on the 13th raised its full-year profit forecast for the second time this year, citing higher freight rates driven by the Middle East conflict and solid demand. Second-quarter operating profit came in above expectations. Earnings before interest, tax, depreciation and amortisation, a proxy for operating profit, was 3 billion dollars, up from 2.3 billion dollars a year earlier and above the median forecast of 2.12 billion dollars from 11 analysts compiled by Maersk. Under the revision, underlying EBITDA was raised to between 10.5 billion and 12.5 billion dollars from the previous range of 8 billion to 10 billion dollars, while underlying operating profit was lifted to between 4.5 billion and 6.5 billion dollars from 2 billion to 4 billion dollars. Higher ocean freight rates, driven by the effective closure of the Strait of Hormuz amid the Iran conflict and attacks by Iran-aligned Houthi forces in the Red Sea, are boosting Maersk's performance. However, some analysts caution that the recent surge in freight rates is only a near-term tailwind that masks bigger risks ahead, and that a normalisation of Red Sea transit would put significant downward pressure on rates.
Arabica coffee prices found support after a 7.4 magnitude earthquake in Colombia temporarily halted exports from the world's second-largest producer. September arabica coffee is up 0.85 cents, or 0.25%, while September ICE robusta coffee is down 36 points, or 0.95%. Shipping firm Maersk said terminal operations in Buenaventura, which handles most of Colombia's coffee exports, have been temporarily suspended, and inland road closures may impact cargo movements. The quake hit the coffee-growing provinces of Caldas and Risaralda, which account for about a quarter of Colombia's production. Meanwhile, ICE robusta inventories climbed to a 4.75-month high of 4,352 lots, while ICE arabica inventories fell to a 2.5-year low of 241,838 bags.
Maersk returns another service to Suez Canal route after Q1 profit collapse
Maersk announced it will return another headhaul service to the full Suez Canal-Red Sea route, effective immediately. The decision, made jointly with Gemini cooperation partner Hapag-Lloyd, shifts the AE19 service from the Cape of Good Hope to the trans-Suez corridor following security assessments. The change starts with the Berlin Maersk westbound voyage 628W and eastbound voyage 637E, with a rotation including Xingang, Qingdao, Busan, Ningbo, Shanghai, Tanjung Pelepas, Jeddah, Suez Canal, Port Said, Port Tangier, and Singapore. Maersk's first-quarter profit collapsed to $100 million from $1.2 billion a year earlier, though the company upgraded full-year guidance in June on stronger Far East demand and sustained spot-rate increases. The move adds to a gradual return to Suez routings, with the AE15 Asia–Mediterranean–Europe Gemini service already using the canal and the standalone MECL Middle East–U.S. East Coast service shifting to Red Sea-Suez in August.
A.P. Møller - Mærsk buys back shares worth DKK 108.7 million in week 28
A.P. Møller - Mærsk A/S repurchased shares worth approximately DKK 108.7 million during the week of 6 to 10 July 2026 as part of its ongoing share buy-back program. The company acquired 1,500 A shares at an average price of DKK 15,769.46 per share and 5,260 B shares at an average price of DKK 16,160.15 per share, with an additional 740 B shares bought from the A.P. Møller og Hustru Chastine Mc-Kinney Møllers Familiefond. This brings the total accumulated under the second phase of the program to 32,848 A shares and 131,392 B shares, representing a combined market value of DKK 2.6 billion. The buy-back program, announced on 5 February 2026, has a total authorization of up to DKK 6.3 billion, with the first phase capped at DKK 3.15 billion and running until 5 August 2026. Following these transactions, the company holds treasury shares corresponding to 1.59% of its share capital.
DP4A.XETRA · Capital · Positive Company repurchased shares worth DKK 108.7 million as part of its ongoing buy-back program, signaling capital return to shareholders.
Maersk to resume Middle East–US East Coast route via Suez Canal
Danish shipping giant Maersk has announced it will resume its Middle East–US East Coast route via the Suez Canal. In a new step toward reviving Red Sea transit, the company says a structural change returning its Middle East–US East Coast service to the Suez Canal route will significantly cut transit times. Westbound voyages are expected to be shortened by an average of seven days, and eastbound voyages by up to 14 days. Most shipping lines had abandoned the Asia–Europe trade corridor via the Suez Canal after attacks by Yemen’s Iran-backed Houthi militants in the Red Sea, forcing them onto the longer route around Africa’s Cape of Good Hope, but some carriers are now beginning to consider a phased return.
Maersk resumes Suez shipping with Hapag-Lloyd on key Asia route
Maersk has resumed Asia to Mediterranean services through the Red Sea and Suez Canal in partnership with Hapag-Lloyd, after earlier security concerns had redirected vessels. The routing change affects container flows between key Asian export hubs and Mediterranean import terminals, representing a new service structure for Maersk's network with potential implications for transit times and capacity planning. The return to the Suez corridor follows a period when vessels were diverted away from the area for security reasons. The renewed use of the canal could influence how shippers balance speed, cost and risk across Asia to Europe trades.
A.P. Møller - Mærsk købte egne aktier for 107,9 mio. kr. i uge 27
A.P. Møller - Mærsk har i perioden 29. juni til 3. juli 2026 købt egne aktier for i alt 107,9 mio. kr. som led i selskabets aktietilbagekøbsprogram. Der blev erhvervet 1.500 A-aktier til en gennemsnitskurs på 15.630 kr. og 5.260 B-aktier til en gennemsnitskurs på 16.051 kr. Programmet, der blev annonceret 5. februar 2026, har en samlet ramme på op til 6,3 mia. kr. og løber over op til 12 måneder. Første fase, som strækker sig til 5. august 2026, er begrænset til en markedsværdi på 3,15 mia. kr. Efter de seneste køb ejer selskabet nu 31.348 A-aktier og 194.583 B-aktier som egne aktier, svarende til 1,54% af aktiekapitalen.
U.S. Retailers Rush Holiday Orders From China on Trump Tariff Fears
U.S. retailers are advancing holiday-season orders from China by four to six weeks to secure inventory ahead of potential tariff hikes later this year, shipping executives told Reuters. Tony Meng, a senior sales manager at XPD Global in China, said there is an expectation that tariffs could be raised or restored to previous levels, prompting a rush to get goods in before that happens. Order volumes, which typically peak from July through September, exceeded expectations in May and June, driving a surge in freight rates and a 35% jump in U.S. imports from China in May. Maersk reported that container space on the China–U.S. route has been tightening since mid-May due to stronger customer demand and earlier seasonal bookings. The frontloading comes as the U.S. Trade Representative has proposed a 12.5% tariff on imports from China and other countries following a forced labor investigation, with a final decision expected in the coming months.
A.P. Møller – Mærsk has raised its financial guidance for the full year 2026, citing continued strong container market demand, especially in the Far East, and a recent sustained increase in spot market rates. The company now expects underlying EBITDA of USD 8 to 10 billion, up from a previous range of USD 4.5 to 7.0 billion, and underlying EBIT of USD 2 to 4 billion, compared with an earlier forecast of negative USD 1.5 billion to positive USD 1.0 billion. Free cash flow is now seen at least negative USD 1.5 billion, an improvement from the prior expectation of at least negative USD 3 billion. The upgraded outlook is based on a global container market volume growth projection of about 4 percent for the full year, revised from a previous estimate of 2 to 4 percent. The company will publish its full second-quarter interim results on 13 August 2026.
Maersk shifts most Southern California import containers from BNSF to Union Pacific
Maersk has shifted the majority of its eastbound container traffic from the Southern California port complex from BNSF Railway to Union Pacific Railroad. Data specialist RailState reports that Union Pacific now handles about 59% of Maersk's outbound intermodal volume from the Port of Los Angeles-Long Beach, up from single digits, with approximately 1,000 TEUs of weekly volume moving to Union Pacific. The shift concentrates nearly all of Maersk's volume on Union Pacific's Sunset Route, primarily to Chicago and Dallas, and comes as Union Pacific extended a $300 peak season surcharge on intermodal traffic. Maersk stated it continuously balances inland capacity across rail partners to ensure reliable service, without discussing commercial terms.
UNP · Demand · Positive Union Pacific gains ~59% of Maersk's eastbound intermodal volume from Southern California, increasing demand for its rail services.
0O76.LSE · Supply · Neutral Maersk shifts volume to Union Pacific to balance inland capacity, but impact on its own operations is neutral; no clear positive or negative.
0O77.LSE · Supply · Neutral Same as Maersk A; shift is operational adjustment with no stated financial impact.
DP4A.XETRA · Supply · Neutral Same as Maersk A; shift is operational adjustment with no stated financial impact.