Ocean the star as Maersk reports Q3 bump in revenue, but drop in volume

Maersk experienced a 27% year-on-year bump in its third-quarter revenues, hitting $18.1bn, buoyed by a sharp rise in container freight rates that more than offset a slight dip in volumes, prompting it to join ONE in revising its full-year outlook.

While the Danish shipping and logistics group said revenue growth had been driven by all its divisions, Ocean Services accounted for the largest contribution, some $12.6bn, an increase of 37% on the same period last year.

Group CEO Vincent Clerc said: “We delivered a strong quarter across our businesses. Despite continued geopolitical uncertainty and disruptions, global trade has remained remarkably resilient.”

Average loaded freight rates increased 46% year on year, to $3,287 per 40ft, with Mr Clerc singling out investment in electrification, energy, and AI infrastructure as one of the core drivers of growth.

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