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Maersk CEO: Despite US volatility we've seen high demand in rest of the world

ReutersAug 7, 2025 8:09 AM

- AP Moeller - Maersk A/S MAERSKb.CO CEO Vincent Clerc told reporters:

  • MAERSK CEO: PRICES ARE GOING UP IN THE TERMINAL BUSINESS, CAPACITY CLOSE TO FULL

  • MAERSK CEO: CONTAINER DEMAND CONTINUES TO BE EXTRAORDINARILY HIGH

  • MAERSK CEO: CHINA CONTINUES TO GROW THEIR EXPORTS AT A MUCH HIGHER PACE THAN ITS GDP GROWTH

  • MAERSK CEO: CHINESE COMPANIES ARE TAKING GLOBAL MARKET SHARE, WHICH IS UNDERPINNING CONTAINER DEMAND

  • MAERSK CEO: CHINA IS PLAYING A LARGER AND LARGER ROLE IN THE GLOBAL ECONOMY

  • MAERSK CEO: DESPITE VOLATILITY IN THE U.S., WE HAVE SEEN HIGH DEMAND IN THE REST OF THE WORLD

  • MAERSK CEO: WE HAVE SEEN RISING FREIGHT SPOT RATES, THEY ROSE 37% IN 13 WEEKS IN Q2

  • MAERSK CEO: OUR DATA SHOWS AN ACCELERATION OF THE GLOBALISATION, NOT THE OPPOSITE

  • MAERSK CEO: WE ARE CURRENTLY NOT ORDERING THE BIGGEST CONTAINER SHIPS

  • MAERSK CEO: WE NEED A MORE FLEXIBLE NETWORK, SHIPS THAT CAN DOCK IN SMALLER PORTS; RATHER THAN THE TRADITIONAL SHIPPING ROUTES

  • MAERSK CEO: NOT SEEN CUSTOMERS "PULL FORWARD" AHEAD OF DEADLINE IN TRADE TALKS BETWEEN CHINA AND THE U.S.

  • MAERSK CEO: IN THE SHORT TERM, CONTAINER SHIPPING IS IMMUNE TO TRADE TARIFFS

  • MAERSK CEO: VOLATILITY AND COMPLEXITY IS A BIG OPPORTUNITY FOR MAERSK, ESPECIALLY IN OUR LOGISTICS BUSINESS

  • MAERSK CEO: WHEN WE RETURN TO THE SUEZ CANAL, IT WILL FREE UP 7-8% OF CONTAINER SHIPPING CAPACITY

  • MAERSK CEO: IF GLOBAL CONTAINER DEMAND CONTINUES TO GROWTH AT CURRENT PACE FOR 2-3 YEARS, WE WILL NOT SEE EXCESS SHIPPING CAPACITY

  • MAERSK CEO: WE WILL CONTINUE TO ORDER SAME VESSEL CAPACITY IN COMING YEARS, NO CHANGES TO OUR CAPEX

  • MAERSK CEO: WE ARE IN A VOLATILE ENVIRONMENT, BUT I DON'T EXPECT A PROLONGED PERIOD WITH LOSSES FOR THE SHIPPING INDUSTRY

  • MAERSK CEO: WE WILL NOT INDEPENDENTLY TAKE ANY ACTION IN RELATION TO SHIPMENTS TO ISRAEL; ANY ACTION SUCH AS SANCTIONS SHOULD BE DECIDED POLITICALLY

  • MAERSK CEO: CHINESE SHIPMENTS INTO EUROPE AND OTHER REGIONS STARTED GROWING ALREADY LAST YEAR; THIS TREND HAS CONTINUED THIS YEAR, BUT OUR DATA DOES NOT SHOW THIS IS DUE TO U.S. TRADE TARIFFS

Further company coverage: [MAERSKb.CO]

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