Europe EditionMaersk Cuts Global Container Market Outlook on Tariff War
- On May 8, 2025, Danish shipping company Maersk cut its global container market outlook amid rising trade tensions caused by the US tariff war.
- The tariff war, led by US President Donald Trump's sweeping import duties starting in April, caused sharply reduced China-US container volumes and increased supply chain uncertainty.
- Maersk reported a sixfold increase in net profit for Q1 2025, supported by improved freight prices, effective cost management, and strong shipping volumes outside the US-China corridor, though the company remains cautious about potential shifts in demand based on tariff developments.
- Maersk CEO Vincent Clerc said, tariffs have "already taken a bite" and confirmed China-US trade volumes dropped 30% to 40% in April as the trade war escalated.
- Maersk projects 2025 earnings between $6 billion and $9 billion and warns that global container demand remains uncertain due to evolving policies, recession risks, and continued disruptions like the Red Sea crisis.
19 Articles
19 Articles
US-China cargo volume plunged in April as customers reacted 'very, very fast' to tariffs, says Maersk CEO
Maersk's business activity is widely regarded as a bellwether for global trade.picture alliance / Getty ImagesUS-China container volumes fell 30% to 40% in April due to tariffs, Maersk's CEO said.Maersk, a key global trade indicator, has noticed rapid order cancellations amid tariff impacts.Chinese exports to the US plunged about 20% in April from a year ago.Container volumes between the US and China plunged 30% to 40% in April as President Dona…
Danish shipping giant Maersk's profit surges despite trade war
Danish shipping giant Maersk, a bellwether for global trade, said on Thursday its net profit surged sixfold in the first quarter and maintained its full-year earnings outlook despite US President Donald Trump's tariffs onslaught.
Maersk warns global container volumes could drop due to trade war
Maersk warns global container volumes could drop due to trade warMaersk reports significant U.S.-China container volume decline, warns of global trade impact. The post Maersk warns global container volumes could drop due to trade war first appeared on The Dispatch.
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