A.P. Moller – Maersk reported first-quarter EBIT of $340m after volume growth across all three business segments, according to Maersk. Ocean volumes increased 9.3%, logistics and services revenue rose 8.7%, and terminals lifted volumes 4.3% as the group pointed to operational improvements and cost discipline in a volatile market.
EBITDA was $1.8bn, down from $2.7bn a year earlier, while the EBIT margin came in at 2.6%, up from 0.9% in the fourth quarter of 2025 but below the year-earlier level.
Maersk said high industry overcapacity continued to pressure freight rates, even as it gained market share in ocean. The company said its flexible network lowered ocean unit cost by 7% and helped limit disruption from the Middle East conflict.
Full-year 2026 guidance was maintained, including expected global container market growth of 2% to 4%.
During the quarter, Maersk ordered eight 18,600 TEU dual-fuel vessels for delivery in 2029-2030 and continued expansion projects through APM Terminals, including work in Brazil, Vietnam, Mexico, Saudi Arabia and Germany. In Bremerhaven, APM Terminals and Eurogate agreed to invest EUR 1bn ($1.18bn) to raise North Sea Terminal Bremerhaven capacity from 3m TEU to 4m TEU.
A.P. Moller – Maersk A/S is a Danish integrated logistics company operating across ocean shipping, logistics services, terminals and air cargo, with activities in more than 130 countries and a workforce of about 100,000, according to the company.
APM Terminals is Maersk’s terminal operating arm, developing, owning and operating port and inland infrastructure projects.
