COPENHAGEN (Nov 5): Danish shipping group Maersk raised its 2026 profit guidance for a third time on Thursday, as congested ports, strong consumer demand and investments into artificial intelligence kept container freight rates elevated.

"Despite continued geopolitical uncertainty and disruptions, global trade has remained remarkably resilient," CEO Vincent Clerc said in a statement.

"Demand is being driven not only by consumer spending, but increasingly by major investments in electrification, energy and the rapid expansion of AI infrastructure, generating significant flows of industrial cargo around the world," he said.

The world’s second-largest container line now expects underlying profit before interest, taxes, depreciation and amortisation (Ebitda) of between US$14 billion and US$14.5 billion this year, up from a previous guided range of between US$10.5 billion and US$12.5 billion.

Underlying operating profit (Ebit) is expected to be between US$8 billion and US$8.5 billion, up from a previous range of US$4.5 billion to US$6.5 billion, it said.

Maersk's third-quarter profit before interest, taxes, depreciation and amortisation rose 75% to US$4.7 billion, below a mean forecast of US$5.04 billion in an LSEG poll.

Uploaded by Liza Shireen Koshy