Core Insights - Maersk's Q3 2025 earnings exceeded expectations, prompting an upward revision of its full-year profit forecast and global container market growth predictions [1][2] Financial Performance - Q3 2025 revenue was $14.206 billion, a decrease of 9.9% from $15.762 billion in the same period last year [1][2] - Underlying profit for Q3 2025 was $939 million, down 69.7% from $3.097 billion year-over-year [1][2] - Earnings per share were $69, lower than $193 in the previous year but above analysts' expectations of $62 [1] Profit Forecast and Market Growth - The company raised its full-year underlying EBITDA forecast to between $9 billion and $9.5 billion, up from a previous estimate of $8 billion to $9.5 billion [2] - The global container market is now expected to grow approximately 4%, an increase from the prior forecast of 2% to 4% [2] Market Dynamics - Exports from Far East Asia, particularly China, continue to drive robust cargo volume growth [3] - Despite a contraction in cargo volume to North America, especially from China to the U.S., consumer demand has shown surprising resilience [3][4] - Maersk's ability to adjust its profit expectations reflects its strength amid mixed performance from industry peers [3] Operational Resilience - The company has demonstrated considerable resilience to macroeconomic shocks, adapting to complex supply chain needs despite adverse tariff measures [4] - Ongoing disruptions in Red Sea shipping are expected to persist throughout the year, alleviating some global overcapacity issues and boosting freight rates earlier this year [4]