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Lower freight rates drag Maersk earnings despite box volume growth

  • Focus on cost discipline will see 1,000 jobs cut as Maersk seeks $180m cost savings
  • Maersk reported sharply lower profitability in 2025 as persistent erosion in global freight rates weighed heavily on its core Ocean business
  • Group revenue fell $1.5bn year on year to $54bn, with the ocean division being the main drag, while logistics & services delivered modest growth and the terminals division posted record financial results
  • Container volumes rose 4.9% during the year, but a 17% decline in freight rates significantly reduced earnings

Looking ahead, Maersk expects modest volume growth in 2026, but warned that full-year EBIT could range from a $1.5bn loss to a $1bn profit amid overcapacity and the reopening of Red Sea routes

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