Maersk raises 2026 profit outlook as port congestion drives freight rates higher

A.P. Moller–Maersk raised its full-year earnings guidance on 5 November after port congestion and resilient cargo demand lifted third-quarter freight rates. The Danish shipping and logistics group now expects underlying earnings before interest and tax (EBIT) of US$8 billion–US$8.5 billion in 2026, compared with its previous forecast of US$4.5 billion–US$6.5 billion.

Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) are forecast at US$14 billion–US$14.5 billion, up from US$10.5 billion–US$12.5 billion. The revised outlook reflects third-quarter performance and improved visibility for the remainder of the year.

Severe typhoons in Asia disrupted port operations during the quarter, tying up vessels and reducing available shipping capacity. Maersk reported that global average port waiting times peaked at 16.6 hours, their highest level since January 2023.

The Shanghai Containerised Freight Index rose by an average of 46% compared with the preceding quarter. Global container demand increased by an estimated 2%–4% year on year, with growth in Africa, Latin America and North America partly offsetting weaker conditions elsewhere.

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