Maersk Holds 2026 Outlook as Ocean Volumes Surge Despite Rate Pressure

A.P. Moller – Maersk reported solid first-quarter 2026 results on Thursday, posting strong volume growth across all business segments despite continued pressure on container freight rates and ongoing geopolitical volatility.

The Danish shipping and logistics giant reported underlying EBITDA of $1.8 billion and EBIT of $340 million for the quarter, as higher volumes and operational efficiencies helped offset weaker freight rates in an oversupplied container shipping market.

Ocean volumes rose 9.3% year-over-year, outperforming the broader container market, while Logistics & Services revenue increased 8.7% and terminal volumes climbed 4.3%. Maersk said operational improvements and disciplined cost management continued to