Talk of 'death of globalization' premature: Maersk CEO

Core Insights - The company has raised its guidance due to resilient demand across all geographies, including a recovery in the US towards the end of the quarter, alongside effective cost management that has improved margins across all businesses [1] Global Trade Perspective - The current global trade picture remains strong, countering narratives of deglobalization, with growth observed across many regions, primarily driven by China's manufacturing strength [2][3] Freight Rates and Market Dynamics - Freight rates have shown significant volatility, particularly in Q3, primarily due to supply-driven factors rather than demand, with an influx of tonnage expected to impact future rates [4][5] - The company anticipates continued volatility in the market, influenced by ongoing tariff negotiations and the need for clarity in investment conditions [7][9] China's Role in Global Trade - China's share in global trade has been increasing steadily, a trend that predates recent tariff discussions, with strong export growth observed across various regions including Asia, Europe, and Latin America [6][12][13] Regional Developments - The situation in the Red Sea has improved, with a ceasefire in Gaza being a positive development for shipping routes, although the timeline for reopening normal traffic remains uncertain [15][16] Environmental Commitments - The shipping industry is facing challenges in meeting decarbonization targets due to delays in regulatory measures, emphasizing the need for stakeholders to address these issues at COP 30 [17][18]