Maersk forecasts global container market to decline as destocking hits demand

Maersk expects global container volumes to decline by between 1% and 4% this year, amidst a prolonged inventory correction and continued destocking, although it has upgraded its EBITDA guidance due to cost control measures.

The Danish company had previously predicted market growth within the range of -2.5% and +0.5%.

However, the carrier has raised its EBITDA expectations for the year from US$8-11bn to US$9.5-11bn, citing cost measures providing support to profitability in Q2 2023, which will be sharpened across all segments in the remainder of the year.