Danish shipping giant Maersk saw its bottomline surge to USD 1.2 bn in 1Q 2025, up from USD 177 mn in 1Q 2024, according to an earnings release (pdf) issued on Thursday. The firm saw consolidated revenues rise by 7.8% y-o-y to USD 13.3 bn during the same period.

Segment-by-segment breakdown: Ocean segment revenues rose by 11% y-o-y to USD 8.9 bn in 1Q 2025 — driven by a 13% y-o-y increase in freight revenues amid higher freight rates and steady volumes. The logistics and services’ segment revenues decreased by 0.5% y-o-y to USD 3.5 bn, while the terminals cluster’s revenues saw a 23% y-o-y increase to USD 1.2 bn.

Looking ahead: Maersk has changed its forecast for global container market volume growth, expecting between a decline of 1% and growth of 4% on the back of macroeconomic and geopolitical uncertainty. The forecast comes in comparison to their previous forecast from back in December — which projected volumes to grow between 5% and 7% in 2025. The firm still expects to grow in line with the market despite the continuation of shipping disruption in the Red Sea throughout 2025.

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