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Shipping giant Maersk saw its bottom line fall 23.3% y-o-y to USD 639 mn in 2Q 2025, according to a statement (pdf) released on Thursday. The firm’s revenues rose by 2.8% y-o-y to USD 13.1 bn in 2Q 2025 — attributable to high performances across its segment.
On a 6M basis: The firm’s net income rose by 22.7% y-o-y — according to our calculations — to USD 1.8 bn in 1H 2025, according to the statement. Consolidated revenues rose 5.3% y-o-y to USD 26.5 bn in 1H due to an increase in all the segments.
Segment breakdown: Maersk’s Ocean segment revenues rose 2.4% y-o-y to USD 8.6 bn in 2Q 2025 on the back of higher cargo volumes and revenue from demurrage and detention fees, and despite a decrease in freight rates. Revenue from the Logistics and Services segment increased 1% y-o-y to USD 4 bn, while the Terminals segment’s revenue increased 20% y-o-y to USD 1.3 bn due to higher cargo volumes, storage revenues, and improved tariffs.
ALSO- Maersk raised its 2025 financial guidance. The shipping giant adjusted its forecast of global container market volume growth to 2-4% — compared to its previous 1Q estimate of between a 1% decline and 4% growth. Still, the firm expects Red Sea disruptions to last for the rest of 2025, while projections for a mid-year return could potentially leave Maersk breaking even this year — though continued restrictions and geopolitical tension could see a net income of USD 3 bn.
Chinese state-owned Cosco Shipping is looking to acquire a 20-30% stake in CK Hutchinson — a Hong Kong-based global port operator with 43 ports under its portfolio including Panama Canal’s two major ports, people familiar with the matter told Financial Times on Saturday. One of the options currently on the table would see Cosco take stakes in all of CK Hutchinson’s portfolio — about 41 ports — except Panama Canal’s assets.
IN CONTEXT- The development comes after China effectively derailed a preliminary agreement to sell the company to a consortium led by BlackRock and the Greek-based Mediterranean Shipping Company by forcing the expiration of the deadline to finalize the sale over regulatory grounds.
