Maersk reported better-than-expected first-quarter operating profit of \$2.71 billion, up 70% from a year ago and beating analyst forecasts, according to CNBC. The company warned that escalating U.S.-China tariffs are dragging down container trade volumes. The Danish shipping firm revised its 2025 container volume outlook from 4% growth to a range of -1% to 4%, citing rising geopolitical and macroeconomic uncertainty. U.S.-China volumes plunged 30% to 40% in April as customers adopt a cautious stance, according to the company. CEO Vincent Clerc noted the current tariff levels are "simply prohibitive" for trade recovery between the two countries. Maersk maintained its 2025 profit guidance of $6 billion to $9 billion.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Mayors reported better-than-expected first-quarter operating profit of $2.71 billion of 70% from a
00:09year ago and beating analyst forecasts, according to CNBC. Company warned that escalating U.S.-China
00:14tariffs are dragging down container trade volumes. Dana's shipping firm revised its 2025 container
00:19volume outlook from 4% growth to a range of minus 1% to 4%, citing rising geopolitical and macroeconomic
00:26uncertainty. U.S.-China volumes plunged 30% to 40% in April as customers adopt a cautious stance,
00:32according to the company. CEO Vincent Clark noted the current tariff levels are simply prohibitive
00:37for trade recovery between the two countries. Mayors maintained its 2025 private guidance
00:41of $6 billion to $9 billion. For all things money, visit Benzinga.com slash GSTV.